HLX - Plenty to like, page-15

@zakzoe what HLX has that many others don’t is mineralisation from surface and what looks like economic mineralisation too. HLX is also very close to numerous processing facilities. If a discovery starts at 300m that’s a hell of a lot of dollars to pay upfront before you see a return so development risk is high. That’s why the Northern anomaly for the Collerina Copper is smoke. If the deposit was split in two or three like CSA is you will get paid all the way down to the mother lode if that’s what it is. If not no biggie as AIS would love the Canbelego and Collerina deposits as is. The prospectivity here is enhanced by the fact that with so much processing infrastructure already in place as soon as any discovery starts looking large a bidding war will likely break out. There is a massive difference between building a mine and plant as opposed to just building a mine to send to existing plant. How it’s still at these prices is beyond me. The ease that Aurelia raised capital to get peaks ops and PEX/SBM show money is pouring into the region hence @Marketinfo questioning the AGM spiel. Keep an eye on news of CSA mine sale or new large sub holder at AIS and that will tell you that HLX may be under serious consideration for takeover as my guess it will be next.
Always check facts and figures for yourself, DYOR and never take any hot copper poster as gospel.
Cheers
@therisingson yes St George was a beauty, got told to watch it, missed the bottom and the top but still made a few pesos. Imagine if AMD hit the next Nova, highly unlikely but from a low base,sheesh. Very high risk thou. Watching AQI for results too.