HCH 11.4% 78.0¢ hot chili limited

Ann: PDAC 22 Presentation, page-59

  1. 1,596 Posts.
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    Why all the complaining about a delay to a very expensive and time consuming process/document/stage of a mining company (PFS) - Being caused by all the f*ing copper they keep finding when they are just trying to establish the resource definitions of what they have...

    would you rather the PFS, FS & finance discussions be undertaken with an under-prepared set of information about the resource in which they intend to mine? Given the current macro conditions, I don't give a f* when the PFS is released, infact, don't pump it out now in this shit hole of a market created... Wait until at least some stability returns, or we have drilled out our resources.

    go ahead an complain about the way this information was conveyed to us. That certainly was subpar. If they had of said something like "PFS delayed to copper being found literally everywhere we look" then that would have been better... But back to reality, it's also likely PFS was delayed due to having to reduce the rigs in operation.

    the counterargument to all this is, we will need a CR at some point, unless they get cash from a streamer, royalty house etc, and it's in all our interests (dilution) wise for that to happen at this highest possible SP.

    IMO - if you aren't leveraged, in significant debt, why worry? The coppers still there, the demand will be there, to me, this is a serious and not enjoyable blip in the longer term macro conditions which will eventually see us back deep in the green once the copper/renewables supercycle gets back into swing.

    all IMO. Best of luck to everyone however they play the game. Take care of yourselves, remember your health is the most important wealth of them all.

 
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