HCH is way undervalued based on my, back of the beer coaster, ultra conservative and careful assumptions. For example I have allocated ~$1.15 Billion is sustaining capex over the project which is more than enough to expand and upgrade the initial processing plant, further resource expansion drilling, and project closure.
HCH should have a market cap of a few hundred million right now. However, like I said, I am a bit concerned that we might get taken over for a few hundred million and we won't even have a say.
I hope MB and CE find a business partner or a financing arrangement ASAP, then I will be reassured that HCH wants to actually be a producer rather than an explorer/developer.
$?Bill in a ? Life mine, page-3514
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Last
80.5¢ |
Change
-0.005(0.62%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 80.5¢ | $28.19K | 34.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7294 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 5848 | 4 |
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| Last trade - 10.43am 17/09/2024 (20 minute delay) ? |
| HCH (ASX) Chart |