That is all absolute nonsense. We all trust made up numbers now of your sub-economic looks like rather than global standards used for PEA and MRE's?
What about NPV of $1.5bil and revenue of $22bil - how do you value a project of that scale? That does not take into account 12+months of drilling and the fact HCH will become one of the very few Tier 1 copper deposits in the world when it releases its updated numbers in November. When released our revenue will likely go up an additional $10bil.
Also "projects only get started on high grades" - where did you get that from? Copper is all about scale, not grade. And not "high grade to get started"
Let us know how you're going to fund the next 10 years of exploration. Better yet, there will be a Credit Raise here in the next week or so given you have less than 1 quarter of funding left? I am sure when you get more dilution and a CR at 20% discount you'll be wishing for a royalty deal that prevents you needing to raise money.
Anyone also seen how many performance rights and options are out? When that is factored in it means AW1 is actually worth more than HCH despite having found 1% the amount of copper.
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