Valuing HCH, page-38

Yeah ok, consider me somewhat disappointed then. After the initial MRE, was expecting a scoping study to be on the cards to demonstrate the project economics to the market. If it's going to be another 12 months just to increase the JORC classification to a level to kick that off, then I don't see a huge catalyst to drive the price materially higher in the near term, hope I'm wrong. Maybe the expansion drilling will uncover something promising, but even then, if production is 5 years off, that may have limited SP impact.

Hopefully the CR stock will be washed through soon in the next few weeks and the SP will get a lift from that supply drying up, sell side seems to be thinning a bit already today. But I'll likely use that or the next announcement as opportunity to reduce my holdings here.