HGO 0.00% 5.4¢ hillgrove resources limited

Expert Valuation for EGM, page-35

  1. 394 Posts.
    lightbulb Created with Sketch. 52
    I'm no miner, just a simple Doc.
    Pantoro PNR recently bought and are installing an ore sorter, Steinert, I believe it is a Steinert KSS Multi Ore Sorter. Today's PNR quarterlyannouncement. Disclosed installed cost of $2.2m, so pretty reasonable cost and a great management decision imo to massively increase gold (with silver by product) produced by their processing plant. Much cheaper and quicker from what they've said than other processing plant upgrade options.
    Hope this link works re the ore sorter. Think basically he sorter sorts out the rubbish and ensures that much higher grade material goes in to be processed, so lower AISC and much more higher grade ore can be processed by the same plant.

 
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