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5.3¢ hillgrove resources limited

Kanmantoo Copper mine ready to go ? For real ?, page-86

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plough

33,999 Posts.

1851

24/05/23

16:10

Post #: 67942186
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Originally posted by VYR ↑

There are so many possibilities.

Hopefully production dropping to < half whats expected isn't one of them.

There should have been enough drilling done before mining starts to allow Peter to get the grades right. If so and mined volume forecasts are too ambitious, I guess the cut off grade could drop to compensate and keep revenues up.

It appears that they are planning to hedge enough (50%) if the price is above $12,500 to cover forecast costs. Why ? Maybe to be super careful and follow the bird in the hand principle. Could be a case of ending up with one bird instead of two.

I wonder what plan B will be if the price drops below that hedging condition price.

Hedging into forecasts for strong rises in price does seem to be a risk too big to take rather than a good risk management idea

Have to accept that the Board and management are better at this than us.

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"There should have been enough drilling done before mining starts to allow Peter to get the grades right. If so and mined volume forecasts are too ambitious, I guess the cut off grade could drop to compensate and keep revenues up."

Any chance in explaining that logic ?

HGO Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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Last 5.3¢		Change 0.001(1.92%)		Mkt cap ! $111.0M

Open	High	Low	Value	Volume
5.3¢	5.4¢	5.2¢	$309.6K	5.828M

Buyers (Bids)

No.	Vol.	Price($)
3	488983	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	451558	3

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No.	Vol.	Price($)
1	15000	0.060
1	4778	0.055
1	18500	0.054
5	542026	0.053
1	60000	0.052

Price($)	Vol.	No.
0.053	42999	2
0.054	451558	3
0.055	370000	2
0.056	149230	2
0.057	517817	2

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