Ordinary , but has potential, Cash cost $2.55 hopefully will go lower. Company needs to get in shape b4 splurging $7m on exploration, this is cash burn as far as I am concerned.
Priority replace the crusher , reduce the cash cost well below $2.00 and hit annual targets of 70000 to 80000 Equates to approx Copper 18000 to 20000 pa Gold 7500 to 10000 oz Silver 160000+ PA whilst hedging in place $8500 per ton for copper.....
Hopefully the next 6 months will be better, worth accumulating, but in no hurry as HGO has to put runs on the board.
HGO Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
