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.
market valuation, page-2
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