Cross company comparison is always difficult.
To play devil's advocate, some possible reasons for HCH premium valuation in my opinion:
- HCH hasn't drilled as much as Rex and potentially has further resource upside
- HCH has second resource at Frontera, even though it is lower grade it has potential
- HCH regularly seems to get more press coverage, better at marketing themselves. I've noticed it mentioned in a few international articles perhaps due to the Sprott link
- HCH is very tightly held - 40% less shares on issue and of those on issue less than 50% are free float.
- Lastly HCH has key substantial holders in Chilean/International mining companies who can potentially assist with infrastructure and financing. HCH's strength seems to be its partnerships.
Sovereign risk not an issue in either Chile or South Australia.
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