On the home page of the Hillgrove Resources website underthe...

On the home page of the Hillgrove Resources website underthe heading “Kanmantoo Callington Community Consultative Committee”, paragraph5 of the Draft Notes to the Meeting 15 March 2018 states:

 

“Underground exploration development– If an undergroundexploration drive via a portal from the pit wall determines there is aneconomic resource it would result in a possible 10 year extension to mine lifeand $200 million revenue to the state”.

 

Does anyone know what $200 million in revenue to theGovernment of South Australia would be as a portion of copper sales?  For example, would the $200 million represent5% of the money that Hillgrove would receive from copper sales?  At first reading this strongly suggests thatHillgrove should just keep moving forward with mining and hedges, and forgetabout pumped hydro!

 

While I have a small position in Hillgrove, I am veryconcerned about the lack of interest and turnover in the stock. 

 

On the flip side, over the years I have seen many stocksthat have been taken over for ridiculously cheap prices with no considerationfor long term shareholders.  I hope thisdoes not happen here.