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://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.
$?Bill in a ? Life mine, page-22728
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Last
94.5¢ |
Change
-0.025(2.58%) |
Mkt cap ! $143.0M | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | 97.5¢ | 93.5¢ | $119.9K | 125.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3042 | 93.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.0¢ | 6531 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HCH (ASX) Chart |