...and out of production.They are now progressing the open cut...

...and out of production.
They are now progressing the open cut option at a snails pace because they are severely constrained by a tight budget and little chance of raising capital without heavy dilution.
If the $30 or so million they spent developing the hill end /reward mine had been spent on drilling out a near surface resource or resources along the bnh line of strike then heg would be a a lot healthier position now. Most likely already cash positive at BNH and pursuing reward underground with these high gold prices.
HEG best chance in progressing any mining in IMO is for a farm-in or jv at the Reward mine. Gold price is several hundred dollars higher than when they were last mining.