KGL resources have a feasibility estimate of $157m for a 1.6mtpa plant and associated infrastructure.
HGO's 3.6mtpa by comparison would have a replacement cost of $350m.
Replacement cost of $200m for the plant has been previously mentioned. Site preparation, Infrastructure,water supply,other services ,corporate and admin costs would add 50% to that so probably about $300m
(3) Correct. Tax losses neutralise earnings when calculating taxable income.
(4) The franking credits will be extra cash in the bank for those of us who have paid taxes at rates up to 68 c + in the dollar over a long and arduous journey to the age of 65+ and have wisely invested some of the bit that wasn't confiscated in an account based pension superfund in HGO .
Closing observation from " Ministry of Clouds " another hidden gem at McLaren Vale.
" we govern what we can the rest is chance"
" Ministry of Clouds is a toast to the pursuit of a life well lived" Such a toast can be executed with a high degree of enjoyment with a 2023 Tempranillo Grenache.
HGO Price at posting:
5.3¢ Sentiment: None Disclosure: Held
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