JC
6.7K posts

JC
@Cryptoelite
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Didn’t get too many responses here.. but one to consider.. $HGO.AX should produce ~15,000tpa Cu, trades at US$70m so ~US$4,600/t. Not quite the US$50k/t but for good reason. Never thought I’d see the day of an UG mine in Aus making sense <1% CuEq but maaaybe this thing has a chance. Is in the Adelaide Hills so drive in workforce (don’t need to fly, feed & pay site/away from home wages), is maybe 30-40km to port, has grid power (they are saying 14c/kWh AUD). The Met seems okay (94% recovery, 210 micron grind). None of this probably overcomes the grade in UG mining situation even accounting for good ground conditions… but a US50c/lb move is +A$25m and at A$25,000/t Cu?? 🤷♂️ 🐷




















