exactly, what world class resource?
That is a bit harsh. It is the perils of being a one project company in that you are committed/obliged to keep generating news from it to keep all the holders happy. The grades were never there from the start. There is potential for a shallow high-grade resource in the supergene, but where would you sell it?
Anyway, CHN will have to sit on Gonneville for a couple of years until the nickel market improves. There is no need to mine deep low-grade material in the current market. Premium Kambalda deposits are being mothballed!!!
CHN chart, page-6497
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Last
$1.26 |
Change
0.105(9.13%) |
Mkt cap ! $488.2M | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.28 | $1.18 | $6.755M | 5.487M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19991 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 6335 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CHN (ASX) Chart |