I was rereading your post, from March. Totally agree, I am also...

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FT86

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19/09/23

06:12

Post #: 69908784
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Originally posted by GeoFiji: ↑

I have taken a starting position this morning with an on market purchase at 5.2 cents. I have been watching this one for a long time and also seeing the funding issues that CYM have had has made me wait until now.

I saw a presentation by their chief geologist a few months ago and was convinced there is good potential within their exploration licences. However that is years away from being anything. The real bonus potential is in the existing mining lease area. Hillgrove clearly know this and emphasise the 9 zones with strong growth potential within the mining lease. Their cross sections and drill results are compelling. Even without further resource growth they have a project that is forecast to make a good return.

I can easily see a resource growth in the mine area to take them to a 10 year mine life. Can it go further, who knows and drilling won't help us for a few years yet. I think the leverage generated by extending to a 10 year mine life and capturing the forecast copper supply issue related possible prices rises in the next 3-5 years is substantial hence my purchase today.

I like the idea of owning a copper producer by the first quarter in 2024.

I don't like to predict share prices because they are so dependent upon market sentiment and commodity prices as well, in this case, as the company success at running an underground mine and conducting successful exploration underground. However I think the risks have been reduced enough to jump in at prices around the capital raise. Once the copper is being sold and cash flow comes I hope the share price will have increased significantly.

I am overweight in copper stocks with significant positions in Carnaby, Hammer, Cooper and Sunshine Gold. Today Hillgrove joins the group and will likely be the first to actually produce copper! Now bring on a copper supply deficit and high prices, please!

DYOR. Not investment advice. You must invest based upon your own risk tolerance, financial position and your own detailed research.

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I was rereading your post, from March. Totally agree, I am also overweight in CNB HGO SHN, to name a few.

Do you, or any one else reading, have any thoughts on, if Copper price stays the same, and HGO mines approximately what they have forecast,

A/ What profit HGO, would likely make, in 2024

B/ Will there be a div in the foreseeable future.

C/ Any thoughts on whether, the Mine resource will grow ?

Thanks for any thoughts.

HGO Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.8¢		Change -0.001(1.69%)		Mkt cap ! $121.5M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.8¢	$77.00K	1.323M

Buyers (Bids)

No.	Vol.	Price($)
2	404715	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	33724	1

View Market Depth

No.	Vol.	Price($)
4	520709	0.058
1	380000	0.057
3	500000	0.056
3	415330	0.055
2	455500	0.054

Price($)	Vol.	No.
0.059	505581	4
0.060	1120496	4
0.061	170000	1
0.062	468906	2
0.063	185000	3

Last trade - 12.43pm 13/11/2024 (20 minute delay)

HGO (ASX) Chart

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