MGT market cap $45m, HIO market cap $48m, chart formations very similar, similar cash positions etc etc. If HIO breaks much lower than it is going to shell valuation. I think the clean dynamic should keep some portfolio money in these names and they do sit on huge amounts of resource, they aren't explorers, but maybe wishful thinking.
HIO has half the resource, but is possibly seen as more likely to get to some kind of production given its locations , hence the higher valuation . Technically needs to reclaim 6 cents to have even the slighest hope of building a base, absolutely revolting chart , but it's not the only one
HIO Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
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