HGO 0.00% 5.4¢ hillgrove resources limited

2017 Annual Report, page-2

  1. 1,145 Posts.
    lightbulb Created with Sketch. 100
    Well said.

    Actually I liked the report this year - there seemed to be enough in it to understand more about where they are going.

    The prospects at Kanappa and Mt Rhine do appear to be quite hopeful and I would be tipping that they should be able to make something of one of them given a little bit of luck.

    Also the bit about the pumped hydro being very low cost as such projects go and having generation capacity of up to 220MW for 6 hours makes this well placed in my view.

    Another matter of interest is that underground mining has already occurred at the site back in the seventies and hopefully this will give them more info on what they are in for,

    On the down side, its going to take most of this CY to pay off all the people that we have leant on over the last year. So the cash for the divvy I was banging on about is a while away.

    All in all, not too bad.
 
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