Big Resource On The Cards For Hot Chili [Seeking Alpha]
NEWCREST MINING LTD S/ADR (NCMGY)
NASDAQ:AMEX Investor Relations:
newcrest.com.au/investors
Company Research
Source: Seeking Alpha
SummaryHot Chili is drilling out a very large copper/gold resource in Chile.If analyst reports are anything to go by, there is a good chance of Hot Chili owning a tier one asset.Hot Chili must now progress this asset by making it as enticing as possible for major mining companies who will be interested in the project.Hot Chili (OTC:HHLKFFor many years it was progressing its copper project called Productora and managed to bring the project to the Pre-Feasibility Study (PFS) stage in 2016. Due to the low copper price and Productora requiring a longer mine life to progress the project, the company struggled to gain any traction in the share price. This now looks to have changed. At the beginning of 2019, Hot Chili acquired the Cortadera Project with the plan of adding mine life to Productora. Cortadera was only supposed to have 3 open pits with the hope of adding a few extra years to Productora's mine life. All of these plans changed in a very big way when Hot Chili identified large copp
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