Results are encouraging however we need the rest of the drill results due anytime.
The Cobalt numbers are very good and in places exceptionally high compared to another company I am invested in, where they will be mining with 0.06% grades. HCO is seeing double and triple grades and there was a 10 fold increase on the grade with a 0.60%
Plus they are seeing some nice thicknesses 8m-19m. Unlike another different company (2) that I hold that has 1-4m thicknesses and not looking very exciting.
The nickel numbers look good and feasible. Anything around 0.4 - 0.8% is good and anything above is great.
The scandium and platinum will add to the value.
Need to see the final drill assays to see if we have consistencies with grades and volumes.
When we see the results we will in turn see the follow up drill program and will be looking at timetables accordingly for the company to achieve its Maiden Jorc.
Company has enough cash for another quarter, and possibly a 2nd quarter, depending on the following quarters activities and spending. Then we will see a CR hopefully with the SP higher from the results we are due any day now and the follow up drilling this quarter.
HCO Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
