You guys are probably right re Cu price over the long term.
But Hch are still drilling and no way near producing any copper, years away. The recent convertible would have seen them through but they have suddenly gone from 6mill cash to 1.5mill cash. Yes they have bought more prospective sites but this needs more drilling to confirm resource and has cost them.
They have been unable to get Productura to mine and are yet again will need to have a capital raise. Dilution is Christians way of keeping the board in jobs. Maybe not look to average up but average down with the forthcoming capital raising. Good luck DYOR
You guys are probably right re Cu price over the long term. But...
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78.0¢ |
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Mkt cap ! $115.0M | |||
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