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HCH

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$1.25 hot chili limited

$?Bill in a ? Life mine, page-1927

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16/09/20

15:08

Post #: 47389858
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Originally posted by Big Kahuna 101: ↑

Whenever there are delays like this and poor communication to boot you cant be blamed for feeling some reservations... there's a lot of cowboys on the ASX especially in spec land... I don't get that feeling with this team but I have been fooled before.

Just need to trust your research:

Drilling - Exceptional long and continuous intersections with demonstrated high grade core at primary deposit
Further Growth Targets - Exciting extension targets at both Cuerpo 2 and 3 and additional lookalike target at Cortadera Nth
Funding - Sufficient cash to get through the next 4-6 months of heavy exploration progress
Metallurgy - Fantastic initial results with low (no?) impurities and the ability to be treated with salt water
Location - Tier 1 Mining jurisdiction with low altitude and close proximity to ports
Initial Income - Mining commenced on a contract basis already commenced on satellite project which holds 234mt @0.58Cu equiv. with income exptected of USD$2mil+ pa at current metal prices.

The copper price and gold price are playing their part so the timing couldn't be better from a macro perspective... just need to hope we backed the right horse.

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Right now I'm actually hoping that the delay goes on for another 4 weeks so that I can collect funds that are due in and top up another 1-2m shares before the MRE...
I know it's a selfish outlook, but hey, we've all waiting this long already
HCH Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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