Ann: Hot Chili Announces Successful A$5M SPP Plan to Close Early, page-136

Agree - such a reply may generally comprise references to the following:

- we are purchasing all tenements on neighbouring lands and will do more drilling to expand the total resource
- we are focusing on developing an off-shoot water business
- all of these things need to be done before we can complete PFS and DFS
- copper price.... (ironic how they wanted a USD5+ per pound price and once it started heading that way they went straight for a CR)

Unfortunately, the webinar demonstrated how many distractions CE now has that, in effect, are drawing his attention as CEO away from the core priority of this company which until recently, was to develop and operate a cu-au mine.

As for responding to Beaza and stating that CE does not make statements about market capitalisation - see HCL investor presentation - GMS - Nov 12, 2020. CE stated 'we have a $150-$500million market capitalisation space'.

If CE thought HCH was valued at up to $500million approx 3.9 years ago, then why are we only at $150million now when CU price was USD3.80 per pound and now it is USD4.60 per pound (especially given all the funds provided since then to allow for drilling, land acquisitions, etc)?
Are we seriously that undervalued and neglected in the market or does the market not believe this will get off the ground? New driver at the helm required?