CHN 0.95% $1.57 chalice mining limited

Ann: Updated Gonneville Mineral Resource, page-69

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,758 Posts.
    lightbulb Created with Sketch. 686
    I'll assume you aren't a troll and genuinely believe the grades are low.

    you are not alone a lot of investors on the sidelines or shorting because they think the grades are low.

    yes you could say if this was a pure nickel copper deposit grades are low and would need huge throughput to make it economical.

    however this is not your traditional deposit, it's composition is dominated by PGEs where the main purpose of the nickel and copper is to float off the PGEs.

    a good start to understanding these deposits is researching the South African PGE miners:

    Anglo American Platinum Limited (AMPLATS)
    Impala Platinum Holdings Limited
    Sibanye-Stillwater

    they all have mines in the bushveld igneous complex. you'll actually find that some of the mines have even lower grade nickel and copper compared to gonneville.

    chalice might very well have the majority land holding to the new west yilgarn igneous complex.
 
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.