Long term - very interesting, page-5

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Beaza79

5,608 Posts.

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02/04/25

08:07

Post #: 78508869
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Originally posted by sprogman1: ↑

Hello to all

I see allot of negativity here among most investors and I expect this is driven by the falling share price over the last months and expectations that there would be in the near term an exit scenario at much higher share price.

I have a long term time horizon, 5 years plus from today. When I look at the resource at Productora and Cortadera, the grades are within the average range of large scale Porphyry deposits and should not be considered as low grade. Furthermore they are large enough for a bulk tonnage mining operation in the tier 2 category.

Spending more time querying ChatGBT the total tonnage, grade and capital cost are again in line with succesful tier 2 projects

Porphyry do not have the same grades as IOCG deposits where we see grades between 1%-1.8% on average, but these are much more capital intensive and costly to mine making Porphyry deposits a major contributor to global copper supply. Oz Minerals had IOCG deposits so not comparable to the Porphyry's of Hot Chile. Note that the largest copper mine in the world, Escondida (Chile) is an open pit Porphyry, with avg grade 0.5%, but at much higher elevation.

Still allot of work to be done on La Verde but initial indications are that there is a large and good grade Porphyry there that will increase the total bulk tonnage resource. If it will be big enough to move Costa Fuego into Tier 1 (2bn ton resource) is for sure not visible at the moment, with allot of drilling still to be done.

I do however agree with and am content with the strategy to grow the resource and target reaching Tier 1. This for sure means no near term fireworks but I here for the long term fireworks when the Tier 1 miners start to get interested.

I look forward to the drilling news at La Verde and also keeping an interest on other exploration targets within the portfolio

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Out of interest mate, how long have u been in this??

HCH Price at posting: 53.5¢ Sentiment: None Disclosure: Held
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Last 65.0¢		Change 0.005(0.78%)		Mkt cap ! $97.79M

Open	High	Low	Value	Volume
64.5¢	66.0¢	64.0¢	$273.7K	419.5K

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No.	Vol.	Price($)
1	10000	64.5¢

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Price($)	Vol.	No.
65.0¢	1809	1

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No.	Vol.	Price($)
1	10000	0.645
2	14921	0.635
2	22246	0.630
1	526	0.625
1	526	0.620

Price($)	Vol.	No.
0.650	1809	1
0.660	15158	2
0.665	33943	2
0.670	10000	1
0.675	10000	1

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Long term - very interesting, page-5

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