CHN 0.95% $1.57 chalice mining limited

Pessimism vs Optimism, page-148

  1. 1,664 Posts.
    lightbulb Created with Sketch. 686
    https://hotcopper.com.au/data/attachments/2169/2169957-1a23414db3d91c22f4e3e6ec4498e983.jpg
    the red box is the discovery, to the north is the tenement that has the long red lit aeromagnetics. you can see that the discovery is just a pin prick to what this could be. whilst the northern tenement is state forest thanks to LPN, he gave us a great description of what he saw regarding this land. LPN said
    1 - the State Forest appears to be reclaimed farmland, reforested in the 1970's/80's (or that at least is my understanding of when a lot of the water catchment area around Perth was reforested). Perhaps a bit later, it looks only maybe 25-30 years old. From memory, most reforestation was done mainly to reduce salinity and turbidity in Perth's dams and act as a barrier to locusts from the wheatbelt. I'm guessing it therefore shouldnt present too many heritage issues but is signposted as a "conservation area" and there are lots of stopping points for looking at wildflowers (a big thing in WA) so there will be strict requirements around that.
    2 - Not particularly significant but I noted that the forest is more Wandoo than Jarrah. With a bit of banksia and hakea scrub. There are still a few large, twisted and not good for logging, old-growth trees but not many. I think most of the land would have originally been for sheep farming so the less commercial trees would have been left for shade. Now the remaining farms are a mix of sheep and cattle.

    In understanding this and Chalice expertise with getting governments onside in Victoria. We should have access to this in about 3 months. This will create massive optionality & god knows how big this could be......
 
watchlist Created with Sketch. Add CHN (ASX) to my watchlist
(20min delay)
Last
$1.57
Change
-0.015(0.95%)
Mkt cap ! $610.7M
Open High Low Value Volume
$1.64 $1.65 $1.56 $6.776M 4.246M

Buyers (Bids)

No. Vol. Price($)
1 10448 $1.57
 

Sellers (Offers)

Price($) Vol. No.
$1.58 11713 2
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
CHN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.