CEL 3.64% 5.3¢ challenger gold limited

Ann: CEL Significantly Expands Tenement Position at Hualilan, page-16

  1. 2,084 Posts.
    lightbulb Created with Sketch. 448
    You have NFI
    They are funded to the end of the current +200,000m drilling program
    At the end of that they will have a JORC complaint resource (if not 2), at Hualilan & possibly one in El Guayabo & if they are not both at 10m oz I would be surprised
    Given that, the SP will be considerably higher & any CR will be eaten up by the market due to the size of the resources
    Or, given the size of the resource(s) they will be taken over my a major & it wont be your worry
    Get out now if you don't like it
 
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