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An announcement from Hot Chili Limited ( (AU:HCH) ) is now available.
Hot Chili Limited has announced a preliminary feasibility study (PFS) for its Huasco Water project, which outlines plans for a large-scale, multi-user water supply business. The study reveals strong economic potential with a post-tax net present value of $122 million for the initial seawater supply stage and $977 million for the desalinated water supply stage. The company has secured a memorandum of understanding for water supply to its Costa Fuego project and is in discussions with potential customers for further stages. This initiative positions Hot Chili as a first-mover in the Huasco Valley region, with the only active maritime license for seawater supply, providing a competitive edge in the water distribution business.
More about Hot Chili Limited
Hot Chili Limited is a company operating in the mining industry, focusing on copper and gold projects. The company is involved in developing the Costa Fuego Copper-Gold Project and has a significant interest in water supply infrastructure through its subsidiary, Huasco Water.
YTD Price Performance: -5.78%
Average Trading Volume: 25,292
Technical Sentiment Signal: Buy
Current Market Cap: $63.06M
For a thorough assessment of HCH stock, go to TipRanks’ Stock Analysis page.