But it was no secret there were parties running their ruler over HGO previously. HGO won't be any less attractive now they are about to have a production profile of their own. Besides, as no drilling has happened at Bird's Head, HGO will want to get some value there. (but, unfortunately, due to political problems, that won't be until next year).
HGO have done exactly what they should be doing the last 12 months - project execution, full management focus on cost control, minimising commisioning risks, etc.. There has been a cultural change at HGO since DS came on board.
Empire, I will be happy if HGO delivers Kanmantoo as a profitable copper producer. Cash-flow positive, reserve upgrades and the like. And the future can take care of itself.
Yaq
HGO Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
