HGO 2.38% 6.2¢ hillgrove resources limited

Risk on, page-12

  1. VYR
    4,684 Posts.
    lightbulb Created with Sketch. 3030
    If you don't love maths I'll do it for you.

    The economic study had development taking 6 months and pay back another 6 months.

    So debt was forecast to build up from nothing to $26m over 6 months and then back to nothing over the next 6 months.

    Which is an average exposure to interest on $13m for a year.

    If interest rates increase by say 5% that would be an increase in interest in the spread sheet of $650k which is peanuts in a project throwing off $200m
    Last edited by VYR: 11/01/23
 
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