For a project of this the size the initial CAPEX is quite low compared to peers despite what some on here would allude to.
We got to the minimum 20 year ML I thought we needed to see (just).
Some improvement in recovery but overall very minimal which was a disappointment as I hoped that would help our overall metrics.
I would like to not have to do the block cave and expect by the time production was to start that it won’t be used either due to addition of higher grade ores to blend or improved Cu price… either way I don’t see that as being an issue for HCH holders as I hope we are sold well before then.
I have some questions to ask on Monday and pending the answers to them I would say I am happy with it.
Hesitant to share any negatives I see on here now that as Captain Feather-sword and his merry men will just latch onto it and repeatedly quote it either out of context or ignoring the positives.
Let’s see what the Water PFS looks like and any other announcements that may come with it… had hoped for a sale but expect that’s premature.
HCH Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held
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