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HGO

I was asked to find a copper play, and so I went digging (pun intended) and I unearthed Hillgrove Resources (ASX: HGO). And at 3.3 cents, it looks really ready to double in value.

In the past year, major players (like BHP) have been focused on acquiring small miners. This strategy of "buying production" is becoming more common as a way to increase output in the face of challenges like labor costs and declining ore grades.

Economic copper percentage are typically from 0.2-1%, so HGO's percentages are right up there and look like making the company a takeover target, which could be a big return on today's price.

They have over 3 billion shares out there, so that's an issue. But the company is cash-positive and revenue-positive, so that's good.

I suspect this will double before 2026. I will check back soon. Meanwhile, I have taken a small position.

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