Valuing HCH, page-9

thanks Big Kahuna 101,

At USD100 per tonne for Cu and $100 per oz for gold, ignore silver, suggests value of approx AUD 625m versus current market cap of AUD125m.

Thoughts?

Hot Chilli
Ownership				100%	80%	51%	51%			Value in the gound
Area				Costa Fuego Resource
Projects/Sites				Cortadera	Productora	El Fuego		Total
						San Antonia mine	Valentina Mine
				Maiden Resource	Producing	Old productive mines - Maiden resource tbd
Copper	Pounds per Tonne			2,205
	Rate per pound for HG			3.59
	Rate USD			4,919	4,919	4,919		4,919
	Resource			451,000,000	167,000,000			724,000,000
	%			0.46%		2.00%
	Tonnes			2,074,600	1,500,000			2,900,000		125	362,500,000
	Value	USD	$	10,203,920,100	7,377,750,000	-		14,263,650,000
Gold	Rate			1900	1900	1900		1900
	Resource			451,000,000	167,000,000
	Grammes per tonne			0.13		0.3
	Grammes			58,630,000
	Grammes in an ounce			28
	Ozs			2,068,114	1,000,000			2,700,000		100	270,000,000
	Value	USD	$	3,929,416,745	1,900,000,000	-		5,130,000,000
Silver	Rate			27.44		27.44		27.44
	Resource			451,000,000
	Grammes per tonne			0.7		17
	Grammes			315,700,000
	Grammes in an ounce			28
	Ozs			11,135,999				9,900,000
	Value	USD	$	305,571,809	-	-		271,656,000
Molybdenum	Rate			26,000		-		26,000
	Resource			451,000,000
	Rate	ppm		61
	Tonnes			27,300				64,000
	Value	USD	$	709,800,000	-	-		1,664,000,000
Total				15,148,708,654	9,277,750,000	-		21,329,306,000			632,500,000