Copper price is showing more strength over the past few days. $US2.66lb.
Using the last report for Baillieu Holst, with a forecast copper price for 2018 of $US2.57/lb and AUD/USD of 0.72, they have forecast Hillgrove will produce surplus cashflow of $90m in 2018 and a similar level in 2019.
So $180m in surplus cash in 2 years versus a market cap of $18m.
Since the time of the report (12 months ago) HGO has reduced debt and cut costs. AUD is a little stronger than their forecast but Copper and Gold price is also stronger. Would be great to get an update from Baillieu Holst.
Ann: Successful Completion of Cash Management Initiatives, page-8
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $108.9M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.5¢ | $58.83K | 1.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 260464 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 1299265 | 2 |
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| Last trade - 15.57pm 26/11/2024 (20 minute delay) ? |
| HGO (ASX) Chart |
