COMPLETELY AGREE!
If one compares the mineral resource wealth of Sandfire(SFR) to Hot Chili and adjusts the SP of HCH to SFR (178m shares); HCH would be at $0.82 with the current 3104 shares, less options. Consolidated to 178m shares like SFR, HCH SP predicted on value only would be $14.32
I've multiplied the HCH JORC MR Cu by 2, Gold-Silver-MO by 1.5 to reflect an amount closer to what one might assume the updated JORC might show.
These are mineral resource comparisons, not ore resources. But mineral resource to mineral resource.
Look at the total value of HCH minerals resource, $83 billion compared to SFR, $25 billion.
HCH Gold, almost $10 billion, don't forget molybdenum, Mo, $6.4 billion!
At 5.76 Mt copper, HCH would have almost 4 times the JORC MR and value of SFR.
I realise the assumptions here, but yes, at 3.4c HCH is super undervalued. In fact, ridiculous!
I'm buying more all the time.
COMPLETELY AGREE!If one compares the mineral resource wealth of...
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Last
90.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $136.2M | |||
| Open | High | Low | Value | Volume |
| 90.5¢ | 90.5¢ | 89.0¢ | $83.98K | 93.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 12021 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 6237 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| HCH (ASX) Chart |