Some quick and dirty Saturday morning math, obviously not comparing resource types and location etc:
CNB has a current MC of ~$120m (I assume it may drop) for 315kt CuEq = ~$0.38c/Kt
HCH has 3400kt CuEq multiplied by CNB's ~$0.38c/Kt = ~$1295m MC
HCH currently has 119m SOI + another 20m in rights & options etc, so lets say 140m shares = ~$9 / share.
So even at slightly lower grade, but better economises of scale, and location / jurisdiction comparisons, surely HCH should be valued at better than 1/9 of CNB!? Which also means do we really need to be faffing around with endless (one drill rig) exploration, as surely it's time to push Costa Fuego towards development, before the much anticipated surge in global copper prices.
Some quick and dirty Saturday morning math, obviously not...
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Last
$1.25 |
Change
0.000(0.00%) |
Mkt cap ! $149.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2934 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 5027 | 1 |
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| Last trade - 16.12pm 02/05/2024 (20 minute delay) ? |
| HCH (ASX) Chart |
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