The point of difference is centred around a starter pit.
The notion of someone like BHP coming in now and making an offer is ludicrous as they have a history of making a play when a company is well advanced, like Oz Minerals. Anyone considering a TO will wait for HCH to finish their latest round of exploration and bed down Huasco which will be no mean feat given the number of moving parts. Why would an efficient mining producer want to get tangled up in a company with so much to untangle?
There's a couple of years to go in my opinion and much work to be done.
Still well and truly stuck in the Lasonde Curve
HCH Price at posting:
57.0¢ Sentiment: None Disclosure: Not Held
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