HGO 1.79% 5.5¢ hillgrove resources limited

Ann: Hillgrove Resources 2016 Annual Report, page-3

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  1. VYR
    819 Posts.
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    Hi Kingston,

    It seems management are expecting the capitalised cost to peak $69m in June this year before being clawed back into the P &L account as the strip ratio progressively decreases from the average.

    $69m @ 25c per lb = 125 KT. Which seems to equate to the measured and indicated resources.

    I thought the current mine plan only ran on for a couple of years and claw back calculations would be based on the 45KT that will be left in reserves post June 17.
 
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