when i talk about the vibe, i speak to an overall scene of incredible anticipation for the next few months to come.Chalice is busy at the South-West project …"CHN"!!! yes plenty of nearology plays around "CHN", but only one so far has proven so far to be a Replica and this one is at "Thor" which will soon be a 51% ownership for "CHN"......I'm tipping Chalice will rush through the EM's by the first week in December to complete their $300k spend, then by February commence the 2nd phase by Drilling those new target areas.....They will want the second phase to be completed before the wet weather arrives again as getting into the state forest won’t be possible during the wet period and they need to complete before July 2022.....So, I’m expecting plenty of news to come from "CHN" regarding regarding Thor/Odin - Julimar Replica...... Much would "CHN" be worth if they confirm a similar resource to that of "Julimar", I’m not expecting SF approval at "Hartog" until late Jan early February , maybe wrong but I’m Confident , in any regard it will happen. Maybe an opportunity to send rigs to "Thor", as state forest approval is already in place.
at the front of the room sat a board of directors that are on a mission to disrupt the traditional players in the mining industry.
chalice is a raging bull that is being held back by bureaucracy only, and once approval to drill hartog is granted, everyone in the world will be watching.
having the MRE behind us has formed a fantastic foundation to undertake super aggressive exploration activities over the next few months.
speaking to some of the guys, like me they were also perplexed as to why it appeared the massive rerating occurred from the MRE as like i observed, all the drill data was available. perhaps something else is at play then behind the share price appreciation? who knows.
i recalled Alex's speech at Paydirt battery minerals conference when the price hit $5.70, Alex acknowledged the drop at the meeting and provided resounding confidence to all investors by simply stating if you want to invest in a team that will deliver in a new mineral province back chalice. what has ensued the past few weeks has been remarkable, but only the beginning.
as noted, approval to drill hartog is expected to be granted shortly, with chalice having completed their part mid October and with the final tick of approval required now resting with the minister. as you can imagine, this resource is a strategic asset of Australia that will have a large part to play in transitioning the global energy system, and this is why the department is under pressure from other WA government and Commonwealth government divisions to get this through.
walking out of the meeting and back to work i was lapping up the sunny day with my ever growing knowledge that i have found a home for my money for many years to come.
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