HCH

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84.0¢ hot chili limited

Imagine how much the whole project worth now .... north of $2b...

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26/04/21

21:37

Post #: 52734626
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Originally posted by Buffet1979 ↑

Goldman's comments on Red Hill a new mine that NCM has gone 70% on....

The comparison and rough and dirty numbers go well to compare with the potential what HCH has.....

Its not exactly the same but if HCH does achieve 5mt of Copper will be on alot of radars...

What i cant figure is why more brokers not covering story yet.... does not make sense........

Since Argonaut broker gone to S2R Resources as MD no broker in Perth writing reports on them....

Below is the comments from GS Research out April 2021

Red Chris: We revise our assumptions around development of the Red Chris block
cave with release of the maiden JORC Resource. We now model construction of the
Red Chris block cave commencing in 2024, together with a second concentrator
train taking total production and processing capacity to 30Mtpa by 2029. Steady
state production will be ~205koz of gold and ~93kt of copper per annum on our
forecasts, with an extensive mine life (2060) based on the significant and growing
resource. We value Red Chris at US$1.8bn (A$3.19/sh), with a 15% IRR on
development of the block cave mine and a second processing train. NCM expects to
release a PFS and accompanying Reserve for the project by Sept-21.

Red Chris
We revise our assumptions around development of the Red Chris block cave with
release of the maiden JORC Resource. We now model construction of the Red Chris
block cave commencing in 2024, together with a second concentrator train taking total
production and processing capacity to 30Mtpa by 2029. Steady state production will be
~205koz of gold and ~93kt of copper per annum on our forecasts.
Mineral Resources
Since becoming operator in August 2019, NCM has done extensive work to define the
potential of block cave mining beneath the existing open pit, including:
n additional exploration and resource definition drilling;
n resource optimisation for both open pit and underground mining scenarios;
n commencing a PFS to support the potential development of an underground block
cave; and
n commencing construction of the box cut for the exploration decline.
A maiden JORC Mineral Resource was released in March. Measured and Indicated
resources reported were 980Mt @ 0.41 g/t gold and 0.38% copper for 13Moz contained
gold and 3.7Mt contained copper, including:
n Open Pit: 310Mt @ 0.28 g/t gold and 0.34% copper for 2.7Moz contained gold and
1.0Mt contained copper
n Underground: 670Mt @ 0.46 g/t gold and 0.40% copper for 10Moz contained gold
and 2.7Mt contained copper
Block cave expansion assumptions
n Mining: We assume construction of a large-scale underground block caving
operation commences in 2024, ramping up to 17Mtpa by 2030 when combined with
the existing open pit. We then expect construction of a second cave to replace the
open pit, ramping up to 30Mtpa of ore mined by 2040. We extend the life of the
block cave out to 2060, consuming 60% of the known resource.
n Processing: We assume the current ~11Mtpa processing plant is debottlenecked
and optimised to 13Mtpa over the next 2-3 years. Together with development of the
block cave, we assume a second 17Mtpa train is built, with first processing in 2027
and ramping up to a combined site capacity of 30Mtpa by 2030.
n Capex & Opex: We have assumed total combined capex of US$2.5bn (2021 real$)
for the block cave and second concentrator, plus a further US$1.5bn over the life of
15 April 2021 10

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Imagine how much the whole project worth now .... north of $2b if they paid $1.1b two years ago for 70% and their 30% jv is currently worth $650m ( including their other projects) … That alone and current cu price gives me a reason or two to smile….That’s what you expect from a Tier1 … drill drill drill

HCH Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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Last 84.0¢		Change -0.010(1.18%)		Mkt cap ! $127.1M

Open	High	Low	Value	Volume
85.0¢	85.0¢	77.5¢	$347.1K	439.1K

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No.	Vol.	Price($)
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Imagine how much the whole project worth now .... north of $2b...

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

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Imagine how much the whole project worth now .... north of $2b...

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Buyers (Bids)

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