"It's a good discovery and deposit................"
It is more than that, it's a MONSTER of a discovery and keeps on getting bigger..... I wouldn't be surprised if there is another MRE announcement in the pipeline.
"I'm sure they will keep plugging away ..... "
Any plugging away for further discoveries is a BONUS. The company doesn't need any more discoveries but they will keep plugging away.
The Gonneville discovery is only 7% of the entire Julimar complex. It could be enough to make Chalice Australia's "next BHP".
Drilling out the rest of the complex will be a lifelong process - extending over 20 years at the very minimum.
My opinion only and I could be wrong. Not investment advice.
Ann: September 2023 Quarterly Activities & Cashflow Report, page-13
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