HCH 2.08% $1.23 hot chili limited

From the Leapfrog shells and sections I have seen, using...

  1. 56 Posts.
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    From the Leapfrog shells and sections I have seen, using assumptions of grade and SG here is my back of the envelop calc.

    Total HG 240Mt 0.5% Cu containing 750K Oz Au.
    Total LG Halo 390Mt 0.15% Cu

    LG + HG 630Mt at an average grade of 0.28% Cu containing 750K Oz Au.

    I tend to err on the conservative side but I think for a project they haven't really done much of the work on and haven't yet paid for, it's a solid result (even if over sold). This will add to the narrative CE pushing of a developing of a Cu hub.. Grow this maiden result a bit bigger with more work and add this to Productora et al + a Northern discovery and then the whole Cu play is growing into a collective Tier 1 past 1Bt at a decent grade ~0.5%.

    This may make some people whom have been pumping up the exceptions of the MRE a little sad..But we need to remember Cuerpo3 is open and will grow, we haven't got any results from the other Northern targets with B-type veining at surface.

    That be my guess and I have a detailed worksheet to back it up, I am holding over 1M and intend to keep holding if the MRE comes out close to that.

    https://hotcopper.com.au/data/attachments/2480/2480590-2b2668b4e53bbef1e296660a9f06e4a9.jpg
    Last edited by DonnieDarko: 17/09/20
 
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