Why Hill End Gold Share Price Jumped Higher Today

What happened to the Hill End Gold Ltd share price?

At the time of writing, shares of Hill End Gold Ltd [ASX:HEG] are up by 1.2%, to 8.4 cents in today’s trading.

Why did Hill End Gold shares do this?

Hill End Gold announced a pre-economic feasibility study (PFS) for its Yendon high-purity-alumina (HPA) project in Victoria. HPA is used to produce LED light bulbs, semiconductors and lithium-ion batteries. The total demand was estimated at 24,700 tonnes last year ― up from 16,400 tonnes in 2013.

What now for Hill End Gold Ltd?

Here are the results for that PFS:


Source: Hill End Gold

Hill End Gold’s Yendon HPA project should generate $133 million at $25,200 per tonne each year. That’s not bad. If Hill End Gold was actually a gold company, the share price probably would have surged on today’s announcement. The question has become, how will the company finance itself over the next few months?

Hill End Gold offers a quality project, but is cash poor.

However, once the capital raising risk is removed, the share price could skyrocket…

Jason Stevenson,
Resources Analyst, Markets & Money

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Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:


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