With the current price of gold and silver credits just thought I’d do some quick sums with the prices from the economic assessment. Copper= [email protected] aud = 13500.00current 13230.70 Silver= [email protected] aud = 31.40 current 37.04 Gold= [email protected] aud = 2500.00 current 3004.20 So with the decent price of gold more recovery = more profit There has been no talk of studies being carried out to increase cu recovery. There has however beed work done on increasing gold recovery from 55% to 85% using a Kneelson separator. I believe one will be installed before the higher grade gold from Nugent is processed. Recovering 85% instead of 55% in the study numbers should add $6m to free cash flow. Now doing some research and remembering RVR installed a knelson concentrator but also an acacia to process the bakers creek stockpile. Now not sure if it can be used at Hillgrove but having the acacia the recovery rates of between 95 - 98% with used with the knelson concentrator more free cash flow especially with the higher grade gold in certain areas. Anyhow just bored. Have a great day all Robbo.
HGO Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)