HGO 4.55% 6.3¢ hillgrove resources limited

Kanmantoo Copper mine ready to go ? For real ?, page-152

  1. 599 Posts.
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    I think with the low copper price they need to go to plan B which requires proving up the resource to increase throughput.

    This in turn requires extra labour.

    With the copper price sitting around $1,000 per tonne lower than the feasibility study this has chopped around $65 million off the three year revenue forecasts. Ouch!

    This is now becoming a high risk game for HGO.

    If HGO does not announce revised resource by this Friday (as they said they would) I suspect this stock will get sold off heavily.

    I can hear the Freepoint cheer squad trying to talk this up when in reality this is now becoming a high risk game for HGO.




 
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