Another $3.5m should have landed on the bottom line since the quarterly so we are getting towards $20m in the bank with no debt.
Grades and recovery % all looking good. More importantly, costs for July if replicated over the forwards are looking quite positive. Current copper price is still better than than the ES and we are well in front of with the exchange rate and gold prices.
Lachlan mentioned the MRE update was due in the 3rd quarter and Bob pushed that out to the second half of this year. Not sure what the holdup is but it will be welcome when it lands.
Assays for the Deeps drilling should be imminent as we are coming up on 5 weeks past the end of the quarter.
It would be nice to get a refresh of the strategy for the next 12-48 months. Good opportunity for Bob to lay his vision out for shareholders.
HGO Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
