copper price, page-21

"paying a div with any luck in a few years"

According to the chairmans address at the recent AGM we might see dividends starting to emerge in 6 months rather than a few years.
Cash flow should be more than sufficient to allow those $24 of franking credits that HGO is sitting on to lift $56m of that cash to $80m in fully franked dividends.
Not bad for a company with a MC of circa $50m.

The Chairman said.
"Our aim is to return creditors to normal terms, clear debt and reward shareholders for their patience and continued support. In early 2019, we will also be considering the payment of a dividend on the completion of the 2018 accounts."