Extract from The Bell Potter Report...
Investment thesis:Spec. Buy, Val. $5.35/sh (prev. Hold)Five drilling rigs are currently operating at Gonneville with another rig expected to beadded soon as the company carries out a 70,000m drilling program to define an openpittable Maiden Resource by mid-2021 which will have a significant Indicated Resourcecomponent to support detailed economic studies. CHN is adequately funded tocontinue its major exploration program at Julimar plus drilling programs at the PyramidHill Project in Victoria and limited programs on its other projects with cash and its O3Mining Inc (OIII) shareholding currently estimated at ~$38m. We have assumed CHNraises further equity over the next year to support even higher levels of drilling activityand associated economic studies at Julimar. The latest results at Julimar confirm itspotential to become a major new global source of PGEs. We have raised our valuationby 110% to $5.35/shr and upgrade our recommendation to Speculative Buy
Ann: Significant High-Grade PGE-Cu-Au Extensions at Julimar, page-99
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Last
$1.21 |
Change
0.005(0.41%) |
Mkt cap ! $470.6M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.25 | $1.21 | $4.018M | 3.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 139393 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2000 | 1 |
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