Ann: Positive Preliminary Metallurgical Results at Julimar, page-40

The recent price action is either due to manipulation or plain stupidity. The sighter metallurgy results were extremely good and unlocked the value of the Julimar project. Just like the sellers who sold below $1 a month ago, those selling since the metallurgy results are going to be kicking themselves as Chalice grows Julimar into a world class deposit, whilst optimising the metallurgy in parallel. Then throw in the gold in Victoria, they are going to hit big there in my opinion, the last announcement all points to the fact they are honing in on a high grade monster. Great buying opportunity.