HGO 1.75% 5.8¢ hillgrove resources limited

News: HGO Hillgrove Resources Updates To Rock Fall Which Occurred On 19 Dec 2018, page-3

  1. VYR
    819 Posts.
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    2 KT is not a big deal if the associated costs are also reduced, The processing cost and transport, royalties etc will certainly not be incurred but the mining costs are, and continue to be a big ??


    The 2 kt and 10% of production post dec 18 are interesting numbers. 

    If we try to read between those lines. we have the valuation at 46KT 

    We got 3 kt in 2017. and 23 to 24 Kt in 2018 and it looks like 18 kt to come ( 2 being 10% of 2o)

    Thats 44 KT to 45 Kt total.

    If the valuations 46KT is right and we have lost 2 kt to the slip then we are at 23 kt for 2018. 

    There is always the possibility of the gods looking after us and delivering a high grade of gold and a surprise on the copper grade at the bottom of the pit.


    My old mother would say , Yes Son and pigs might fly. So keeping my fingers crossed 


 
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