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5.4¢ hillgrove resources limited

Equipment Sale, page-37

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foyt

1,254 Posts.

105

01/12/20

08:40

Post #: 49254751
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Originally posted by mwilson25: ↑

According to VYR the residual value of the assets should cover the current low market cap. Not sure if he still holds this opinion.

However, we still have some irons in the fire at this point. And if it comes to it a, CR may be needed to tide us over until project funding becomes available.

Apart from the extra gold recovery they are looking at, my view is that they have shown that the expected CU and gold deposits extend out as expected.

The UG is just designed as a return to mining and while it should be a good earn at these copper prices, This should pay for bigger things further a field.

Time has marched on so I can understand some reluctance and I get your point. Hopefully the MRE is not too far away and that the Cu price marches inexorably higher. This at least is going our way.

Expand

Thanks MW,

Unfortunately I don't have unbridled enthusiasm over the extensive green fields prospects.

Resource exploration is a risky ,expensive and very long term pastime. Give me a bird in hand any day,

Think - Indonesia, Kannapa, Mt Rhine etc.

On a brighter note, it mist have been the first time just now that I have visited their website for a while - nice to see a fresh new site !

cheers, Foyt

HGO Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $113.1M

Open	High	Low	Value	Volume
5.4¢	5.6¢	5.3¢	$235.6K	4.317M

Buyers (Bids)

No.	Vol.	Price($)
1	500000	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	149059	1

View Market Depth

No.	Vol.	Price($)
1	500000	0.054
12	977311	0.053
4	188460	0.052
4	469627	0.051
13	1782020	0.050

Price($)	Vol.	No.
0.055	149059	1
0.056	1027503	2
0.057	520254	3
0.058	446701	7
0.059	1193285	4

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