HGO 0.00% 5.4¢ hillgrove resources limited

what's in the post for the quarterly...

  1. 67 Posts.

    I think in August the company was still mining crappy grades / stockpiles and the mining fleet was changing over. So probably 0.5's (%Cu)

    September mining production was picking up, so milled grade might have been a bit better due to more ore from the pit and less from the stockpiles. Guessing low to mid 0.6's.

    October HGO should have been in in the cream, and it looks as though they were with that production update on the 22nd of October;

    "10,823 t of ore and 88.9 t of copper contained... "

    So assuming 90% recovery that implies a grade of 0.91% Cu.

    That was only a one-day record at the time so doesn't mean much by itself, although it is heartening this was a milled-grade not a mined grade. i.e. includes mining dilution.

    So probably mid to high 0.6's (%Cu) for the quarter, which would be up 20% on last quarter.

    If they split out the results for October, which gives a read for the next year and a half, that could well be a crowd pleaser...





 
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