Come to think of it, this announcement has very much derisked...

Come to think of it, this announcement has very much derisked HCH and ensured it’s survival in uncertain times.

It may may not be much, but this money can keep the lights on for the next two years in the absolute worst case scenario that the copper market tanks due to covid. In the mean time the company can not worry about having to dilute shareholders or sell cheaply to other miners.

Perhaps this is a play to ensure the survival of the company long enough to exploit the rewards of cortadera and an eventual copper shortage.
The more I think about the implications of this move, the more comfortable I feel about being in a small cap miner at such a time. (Which is something not to take for granted)