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Sunerock

134 Posts.

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29/08/23

08:29

Post #: 69602895
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Originally posted by Delegate: ↑

What is going on HCH?
We just don't have cash to splash for this atm!
30km of drilling $$
AMSA deal $$
PFS $$
Admin cost $$$
followed by the DFS stage $$
And then the additional cost for more drilling if we get hits at our current targets and if Cuepro extensions are proven then we will have additional infill drilling $$ which is essential to our open pit PFS.

Why aren't we full throttle at getting our current resource to production?
Instead of acquiring more land for exploration with cash we don't have?
So why men?
Could BMO have had offers from other parties for Cormet and HCH had to move quickly!

Maybe the HCH geo team have seen something they really like and CE has pulled the trigger but will this mean an early CR from us to pay for more exploration then?

Could it be early stages of a JV with a major? HCH does the dirty work in acquiring more land and exploring to grow the Hub while a major begins developing Cuepro and Productra?

Don't get me wrong I'm bloody stoked with the deal but I just don't understand why now? hopefully this can create some good chat on our thread.

Thai image doesn't include the AMSA land either, it's from a BMO announcement

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(1) 2023 July Rule Symposium Workshop by CE - YouTube

HCH Price at posting: $1.29 Sentiment: Buy Disclosure: Held
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