August Resource Corp had about 2.4Mt of copper and a bit more molybdenum than us but no gold. it was bought by hostile take over in 2014 for US$555m, which is a bit over AUD$700m. Some commentators were surprised that offer was accepted. Use that to put HCHs value into perspective. Copper prices were around $3.25 then not over $4 like now.
Say we get to 4.8Mt over the next 2 years (add about 1.9Mt from Nth Cortadera), you can see how this company in 2-3 years time would be taken over for at least $1bil at a minimum. i reckon this is a 5 bagger at the minimum for our $140m market cap, 10x looks like the maximum upside
August Resource Corp had about 2.4Mt of copper and a bit more...
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Last
97.0¢ |
Change
-0.040(3.96%) |
Mkt cap ! $146.8M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.03 | 97.0¢ | $84.98K | 84.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6030 | 97.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 11000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HCH (ASX) Chart |