HGO 1.75% 5.8¢ hillgrove resources limited

Hi Moyston , Due to your 3 posts only I'm guessing you have a...

  1. VYR
    819 Posts.
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    Hi Moyston , Due to your 3 posts only I'm guessing you have a connection to Hillgrove.

    I'm intrigued by your comment.

    "and copper grade levels probably tell a story."


    As one of the big risks to the cash flow forecast is feed grade I have been trying to track performance in that regard.

    I thought that the thousand tonne of CU shortfall in 2017 and the 4000 tonne shortfall may have been due to the actual grade being lower than the reserve/resource estimate. 

    I have been told that its timing rather than grades.

    Do you hold a different view?

    The only information I can find relating to grade reconciliation was the dec 17 quarterly where we were told (in spite of the 1000 tonne shortfall in production) that actual grades were 2% higher than the resource estimate.


    I'm hoping this isn't a case of bad news not being highlighted. As has been the case with the mining and production cost overruns.

 
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