I feel for you matey. We've all held those stocks at one time that break us. However I'm confident because management is confident. I don't rely on luck when investing. Have done my due diligence before investing. There was a number of positive things that made this stock stand out from the crowd for me when i was considering investing.
1/ Company has $1.5 Million in cash at bank.
2/ Top 20 hold 80% of stock. ( thats almost unheard of )
3/ 1 Billion shares are held in escrow until May 2019 and can't be traded.
4/ Known resource is close to surface.
5/ Location. Next door to CLQ and AUZ is about as good as you can get.
6/ We have the right geology to host Cobalt. The laterite sequence hosts cobalt – nickel – platinum and scandium mineralisation consistent with the nearby Sunrise (CleanTeq), Flemington (Australian Mines) and Owendale (Platina Resources) resources.
7/ Theres a lot of upside that may surprise many. Hylea has received comparably very little exploration, which principally targeted platinum, nickel and vermiculite but not cobalt.
8/ Historical drilling has confirmed high grade Cobalt close to surface over significant widths.
Results such as 7m at 0.32% cobalt, including 1m @ 0.64% Co (hole HRC007) and 8m at 0.27% cobalt, including 1m @ 0.85% Co (hole HRC003).
9/ Along with high grade Cobalt we have potential for other minerals including Scandium, Nickel and Platinum.
10/ Current drilling campaign has confirmed Laterite intersected in all of the first 13 holes drilled as at 14/5/18.
11/ HCO MC is only $22 Million, compared to AUZ with a MC of $260 Million and CLQ with MC of $780 Million. HCO has plenty of room to significantly rerate on positive high grade Cobalt results.
12/ Assay results are less than a week away and drilling is progressing with 50 hole drilling campaign nearing completion in late June.
13/ Significant news flow expected in coming weeks and months to support continued rerate of share price and interest in stock.
HCO Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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