September quarter report

As expected there's not a lot of exciting news in this report. It does confirm that there will be a sharp lift in Q4 Copper production to between 4 and 5000 tonnes and that 2018 copper production is expected by directors to be WELL OVER 20000 tonnes. At current prices that would produce revenue of around $A180m and precious metal credits of perhaps $A15m. Potential cash flow for 2018 is becoming visible and will be a bonanza compared to 2016 which generated cash flow of $21m on receipts of only $97.3m'. For HGO and its shareholders I think the problems are now all behind us.