Fair Price for CHN with current resource ?, page-255

69.2Mt @ 2.5% palladium sounds a bit optimistic...maybe this old article from April was written in double-Deutsch?

Pretty sure you are permitted to do a DCF if it's in double-deutsch even if you don't start with a JORC 2012 resource...lol.

Think that Hayden Bairstow from Macquarie and their investors will be very disappointed with the upcoming maiden resource estimate for Julimar.

High-grade lode structures at Julimar appear angled @ ~45 degrees to the current drill orientation thus increasing the actual true thickness of reported primary intersections by a factor of 1.3-1.4 (same problem exists for flat, saprolite results).

Furthermore, the number of lodes reported by CHN (11) appears grossly exaggerated given offset of primary sulfide concentrations either side of north-south-trending dolerite dykes.

There are only five primary lodes separated by 10-15% barren (post-mineralisation) dolerite based on my interpretation of drilling to date.

This downgrades current analyst volume guestimates of mineralisation by more than 50%.

Lastly, continuity into the area of state forest (Hartog), based upon Airborne EM, is not supported by surface geochemistry.

P