August Resource Corp had about 2.4Mt of copper and a bit more molybdenum than us but no gold. it was bought by hostile take over in 2014 for US$555m, which is a bit over AUD$700m. Some commentators were surprised that offer was accepted. Use that to put HCHs value into perspective. Copper prices were around $3.25 then not over $4 like now.
Say we get to 4.8Mt over the next 2 years (add about 1.9Mt from Nth Cortadera), you can see how this company in 2-3 years time would be taken over for at least $1bil at a minimum. i reckon this is a 5 bagger at the minimum for our $140m market cap, 10x looks like the maximum upside
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Last
82.0¢ |
Change
0.015(1.86%) |
Mkt cap ! $124.1M |
Open | High | Low | Value | Volume |
81.0¢ | 87.0¢ | 81.0¢ | $102.8K | 122.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 627 | 82.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 627 | 0.820 |
3 | 30341 | 0.810 |
4 | 10344 | 0.805 |
5 | 6000 | 0.800 |
3 | 35093 | 0.795 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 2000 | 1 |
0.890 | 20100 | 2 |
0.895 | 335 | 1 |
0.900 | 5000 | 1 |
0.905 | 3900 | 1 |
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