Have to mention Hot Chili again. They just delivered a large resource upgrade after some 50K+m of drilling and are at over 900M tonnes. They are on course for a PFS in late 2022. They have $30M+ in cash. And after their share consolidation their SP took a hit as is typical and they are sitting at only about $150M AU. If you are a long term copper investor this is starting to hit the size and likelihood of production that it is potentially good opportunity. They have Glencore and Chile’s PMP a investors.
HCH is an Australian company but the reosource is just up the coast from MDMN/AUMC. I am always surprised how little following they have received from the crowd here since it is at least in broad strokes, the very process the Alto would follow if ever it were to turn into a large copper mine.
The strike against the resource has been the relatively low grade which once was mostly around 0.5% CU. They’ve made good progress on defining a “high grade core” of the resource. And with the higher copper pricing, and the advantages of being near the Chilean coast at low altitude are probably going to overcome this complaint. But that is probably why the MC is only $150M Au at this point.