HCH 5.77% 82.5¢ hot chili limited

HCH is a highly leveraged play on the Cu price. They have put a...

  1. 6,739 Posts.
    lightbulb Created with Sketch. 179
    HCH is a highly leveraged play on the Cu price. They have put a lot of money into drilling up a resource and pre-fesaibility when the Cu price was low that has left the SP weak. By sweetening the ore up with some more high grade material from two new prospects they hope it will kick the project over the line and plant build as the better economics coincide with a rising Cu price. Say getting the IRR to 25%+ p.a.
    Will that happen in 2018? Not sure. Will sufficient progress be made to believe that in 2018 - possibly? If so you can count on a trebling in price (IMHO). Note their partner and major shareholder CAP was prepared to suscribe for a share in Producora at equivalent of 14c per share a year or two ago when the Cu price was at this level or lower.

    Good luck with HC. My tip for you is. Read an comment all you want but make you own decisions i.e. try to get round group think which I feel is an inherent bias.
    Last edited by arsenic: 09/01/18
 
watchlist Created with Sketch. Add HCH (ASX) to my watchlist
(20min delay)
Last
82.5¢
Change
0.045(5.77%)
Mkt cap ! $115.0M
Open High Low Value Volume
80.0¢ 83.5¢ 79.5¢ $45.75K 55.75K

Buyers (Bids)

No. Vol. Price($)
3 2160 81.0¢
 

Sellers (Offers)

Price($) Vol. No.
82.5¢ 2843 3
View Market Depth
Last trade - 11.41am 26/11/2024 (20 minute delay) ?
HCH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.