Solid work? CE has not been able to sell this story, full stop. I bought in here 5 years ago because of geology alone, I assessed the deposits based on in ground value and upside potential, which we are slowly materialising with la Verde etc. So, geologically speaking we are on the way to 1.5 billion tonnes with grades around the usual 0.4 CuEq for a potential 5 million tonnes of on ground Cu with gold credits, i.e. more about 50! Billion of in ground value. The supposed SP catalysts, PFS and water PFS are out and the have the opposite effects as CE was hoping for. Listing on TSXV had the opposite effect to what CE was hoping for. CE's world promo tours don't pay dividends and despite RR calling him a 'super promoter' we are here at ~5! percent of NPV value instead of ~20 percent because ppl don't believe his story. As a comparison Filo del Sol is trading above NPV value because ppl now Lundin and BHP will get that thing over the line. So our problem is our management failing abysmally in getting this story sold, the numbers don't lie. I still think this is great value (again based on geology alone), but something big at the management level has to change...do a JV and get on with it!
HCH Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
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