sentiment, page-7

Hi DrJayBai,

welcome to HC!

This is in fact the full sign-off spiel:

"Hillgrove is an Australian mining company listed on the Australian Securities Exchange (ASX: HGO) focused on developing its Indonesian, South Australian and Queensland base and precious metals projects. The Company is targeting the discovery of world class epithermal gold and porphyry copper/gold deposits in Eastern Indonesia.

Hillgroves flagship development is the Kanmantoo Copper Gold Project, located less than 60km from Adelaide in South Australia. Kanmantoo currently hosts a Mineral Resource of 32.2Mt (2.3MT Measured, 22.5MT Indicated and 7.4MT Inferred) grading 0.9% copper and 0.20g/t gold, containing 292,200 tonnes of copper, 191,100 ounces of gold and 3,313,600 ounces of silver. With production targeted for the first quarter of 2011, Kanmantoo will be a 2Mt p.a. open-cut mine producing approximately 17,000 tonnes of copper in concentrate and 8,000 ounces of gold per annum."


On top of that, they put more emphasis on Indonesia than Kanmantoo in their presentations:

15/12 Preso: Indonesia: 26 pages, K: 9 pages

AGM Presentation - I counted 38 dedicated pages on Indonesia, and no pages dedicated to Kanmantoo.

38 to ZERO?

Doesn't that strike you as just a bit odd? If Kanmantoo is your flagship project, you give it virtually no mention except in summary, when supposedly they are looking at JVing it at the time?


I think K is a good solid project, and their timing is good with metal prices strong with a good outlook.

But what I don't get is why the company spends so much financially on K, and yet puts so little emphasis on it in all their communications.

Y