HMX 0.00% 3.8¢ hammer metals limited

Exploreco or Prospect Gen?

  1. 2,723 Posts.
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    HMX reads alot like both.

    I suspect there may be a two pronged strategy going on with HMX.

    1. Exploreco: Drill. Keep the best to evolve from exploreco to developer to t/o or production alone or via a JV.

    2. Prospect Generator: Drill. Shop ore bodies around, preferably "monsters," in return for a chunk of profits; thereby funding drilling, etc. Ultimately providing MANY chances at a big Win, rather than the typical exploreco model with one solid prospective, and maybe another "early" prospect.

    Just an attempt to better understand HMX, its strategy(s), and how I conceptualize its risks.

    OV
 
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