HCH 2.58% 94.5¢ hot chili limited

$?Bill in a ? Life mine, page-22728

  1. 5,667 Posts.
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    The discussion about valuations at different stages of the project life-cycle can be explained by the Lassonde curve (which most here are already familiar with):

    https://hotcopper.com.au/data/attachments/5388/5388676-6a60dea77af402f8e73849c2d061c5b8.jpg

    https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

    The biggest profits for stock holders are often made at the discovery stage. This was also the case for HCH, which saw it's share price hit $2.90 (converted to post consolidation pricing) following the impressive Cortadera Cuerpo drill results in 2020.

    https://hotcopper.com.au/data/attachments/5388/5388689-26a3d1c10040cb5558f190a489502871.jpg


 
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