I remember when FMG found its iron ore and the sp rose and rose and rose.
There were knockers and doomsday people with advice like sell, it has risen too far too fast etc...
I was too slow getting in, didn't really understand iron ore properly back then and thought at $1 it seemed a tad too expensive...If I understood better back then I would have bought straight away.
Guess what happened, it didn't come down...it kept on rising, putting all the knockers to shame. if I remember correctly when they got to $8-10, they did a 10 for 1 dilution so that the sp came back down to $1. Then what happened, everyone was staring at a $1 price, thought it was cheap again and it got bought up to first $10 again, which was the equivalent of $100, then up to $23 which was the equivalent of $230.
Well Chn reminds me of FMG in the early days. So many knockers, especially when it has a great day...it has risen too far they say..it won't be as extensive as people think, they say...
Well, Gonneville doesn't even look like it is half drilled yet...still open every which way you look at it...
Palladium is worth alot of AUD per ounce....and it could have a long, long way to go in price...
The base metals nickel, copper and cobalt will probably pay all the opex and then some before you even get to the palladium, platinum and gold profits.
What is underneath Hartog? Maybe we will find out this year...
In the spirit of FMG, let's just see what is going to happen..go Chalice.
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