$?Bill in a ? Life mine, page-1645

Going back to the drawing board, if Im the one running the show for HCH, I will want to release the MRE and followed closely by the assay results for Cuerpo 3 North targets. The implication of this is highly significant, as it will be sending signal to the market that we are not just a 500mt play, but we have now identified mirror ore body within the tenement boundaries which literally means that we are a T1 play.

I will want to line these 2 announcements back-to-back and use it as a leverage when negotiating with the several interested parties. We know that the majors are watching closely, very keen to be part of the story & are actively involved with the MRE modelling. The last thing you want is to announce the MRE, followed by a prolonged gap to the next assay, and lose the momentum both in terms of SP & negotiating with the majors.

Perhaps what has delayed the entire process is the drilling of Cuerpo 3 due to CV19, and the management are intentionally stalling the release of the MRE so that they can line both announcements back to back.

I dont think we will ever know the "real" reasons for the delay but in all honesty, Im not too fussed about it. The bullish copper outlook & the orebody that we have tells me that we should really be a $500m MC company even before identifying any incremental orebody, and I think it wont be long before we see a major rerate in our MC towards fair value.