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The question doesnt remain - the information is in the...

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witt

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23/12/21

12:11

Post #: 58484201
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Originally posted by tinhat: ↑

There is a lack of consistency with the very rubbery and vague "aspirations" published between capital raising announcements. Today's states:

The Company's fully funded 2022 work programmes aim to rapidly grow and advance Costa Fuego toward project financing ...

The last announcement stated the the CR would fund the project toward a PFS. The announcement for the previous CR earlier in the year (that brought Glencore into 10% ownership) stated that funding would achieve a PFS (IMHO that announcement mislead shareholders).

I realise that we need to amass a huge measured and economic resource for a PFS and that its not easy getting assays turned around especially when we are testing for many metals including copper, gold, PGMs and molybdenum. Glencore's involvement has probably changed some of the exploration and resource estimate parameters.

But, as I said in an earlier post, there isn't any credible timetable being offered as to when we will achieve a PFS.

So, the question arises, when will we see the next CR and at what price?

Let's see what trading on the TSXV brings starting next week.

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The question doesnt remain - the information is in the prospectus:
- PFS due Q3 2022.
- Funds from the recent CR will cover the budget for next 18 months. So can infer another CR in another 12-18 months.

HCH Price at posting: $1.70 Sentiment: Buy Disclosure: Held
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