CHZ 0.00% 10.5¢ chesser resources limited

Ann: 51m at 5.1 g/t gold intersected at Karakara, Diamba Sud, page-24

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  1. 1,109 Posts.
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    A good comparison would be CHZ vs BRB

    some off the cuff comparisons

    mkt cap, 56m vs 66m

    soi, CHZ 588m BRB 325m almost half.

    cash, both have just over 11m in cash

    CHZ just under 800koz - looking to upgrade soon past 1m oz
    BRB 1.7m oz looking to upgrade soon to just over 2m ozs

    CHZ has much better regional exploration opportunities

    grade is similar.
    Geometry CHZ out performs BRB hands down. Strip ratio for BRB gets a little bit ugly towards the bottom of the pit.

    metallurgy, both have simple met, and good recoveries of free gold. Both are deposits that are fresh and never been mined before.

    BRB are in WA on a granted mining lease.
    CHZ Senegal, needs more approvals

    drilling not sure how many metres filled for CHZ
    BRB has well over 300,000m of drilling

    future funding..

    BRB received 6.5m in cash and 6.5m in shares. Two lots of 10m in the future coming it's way down the track and retains a 20% shareholding.

    CHZ, likely more dilution to get to FID.

    Both will have to finance construction needs some way or another. But BRB will look to possibly toll 200,000ozs at 2g/t with a pit down to only 65m.

    CHZ has regional exploration opportunities and ability to find ozs cheap as well as a much better scoping study.

    BRB quicker to production possibly early cash flow and a decent shareholding In a very shallow lithium resource. With many more potential pegmatities at their other tenements (BRB 100% ownership) that haven't been explored.

    I'd like to see what others think when looking to compare.. I think it's a very healthy comparison and possibly both are undervalued.







 
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