Here's some food for thought re the exploration upside at Gonneville. It seems the language around the first step out diamond drill out hole back in April/May is similar to the language in regards to conductor X and then conductor Y which has yet to be tested?
This was the what they said after the DD1 April 15
Then this after the results came in on May 25
So, for lack of a better explanation, they missed the conductor....."potentially due to a barren cross cutting dyke" as far as I interpret it.
And then this from Nov 18 re Conductor X
In both instances the mineralisation was cut by a dyke.
And then they finished with this just to get to remind us what is at stake
So what does all of this mean?
We may not have found the source of the DHEM response at X and Y.
And then there is Hartog? And then another 6kms or what ever it is.
And then Baudin and Jansz. And the other 8000sqm or whatever it is they have pegged.
So, regarding valuation, if there is a bit of prospect froth, its understandable.
Fair Price for CHN with current resource ?, page-44
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