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5.6¢ hillgrove resources limited

IF we have more ore and IF we mine underground rather then...

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Dockie

394 Posts.

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24/01/18

19:37

Post #: 30543700
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Originally posted by VYR ↑

I hope you are right G,

We will be holding on to our hats if that happens.

We are projected to earn $228m in 2018 running 3,6 m tonnes @ 0.82% cu through the processor.

The revenue drops to $106m in 2019 when we run the same 3.6m tonnes through at 0.37% copper.

In May we learned that there is an underground target of 5m to 10m tonnes with grades of 1.7% to 2.2%. If Steve can pull a plan together to dig that out of the ground at the rate of 3.6m tonnes PA starting in 2019 and they leave the low grade in stockpiles for a rainy day, am I right in thinking the 2019 revenue could $500m

Phew !!! thats massive for a company with a market cap of $57m and at those high grades the lions share would be profit.

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IF we have more ore and IF we mine underground rather then making electricity, then a decent ore sorter for just over $2m installed could improve plant throughput and productivity very significantly.
If still mine site problems then need to review staff. Imo. But am optimistic that things will look up over the next week with the quarterly report, followed hopefully by a 2% share purchase creep by Ariadne.

HGO Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $108.9M

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