I've been trying to research historical junior explorers stock comparisons when they get a strike.
So many variables it becomes confusing and difficult.
Rox Resource I suppose is a sample. I also checked out Copper Mtn project I Canada that's been about, but still too small with $11Bill & a 31 year mine life so it must be a hard expensive extraction process. Christian’s tier 1 mine comparisons are difficult due to takeovers and they have multiple mines.
Volt Res with 2 Billion SH announcement today of its maiden find in Zambia, albeit gold. Exploring since 2005 when was SP 0,44c; then 2009 SP 0.00c; then 2009 SP 0.37c; then 2019 00.01c, then last few days SP 00.02c now 0.027c. Their maiden estimate is 850,000 oz/au with value of $1.6Bill. https://www.asx.com.au/asxpdf/20200625/pdf/44jy6ysbxkk358.pdf
I've often believed Cortadera, Nth Cort & satellite projects will get to 950mt resource by the 2/3rd estimates, which is about 670,000 oz just gold (@ low average of 0.02%g/t) value of $1.2Bill.
So just on gold alone we should compare Volt at SP 0.027c although not aware of extraction & abundance of other cost comparable.
HOWEVER, when you throw in about 3.75mt of copper (950mt @0.5% resource) it’s about another $27Bill.Correctme please, DYOR, do not invest based on my words or calcs. Figures have not been verified or confirmed by anyone associated with HCH or any other source and nothing has been vetted by any 3rd party.This post maybe completely incorrect and has no real substance to any bearing of what maybe the correct data.
On my data with HCH 2 Billion SH, does that mean an SP of $00.32c is fair for HCH after estimates or am I way short or long?
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