CEL 4.62% 6.2¢ challenger gold limited

Ann: Significant Discovery at Sentazon Deeps, page-13

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  1. 395 Posts.
    lightbulb Created with Sketch. 31
    past months, until recent weeks,
    the sp of cel has trended with the pog ... downwards
    perhaps, the rising pog, will now lift the cel sp

    meanwhile a number of questions, ... case for economic mine?, and capex anticipated?
    no answers yet, but have been addressed in the 3 nov 2022 IMARC presentation/announcement

    the main information:
    a. Page 13/22 on the land grants relevant for cel valuations
    • Grants formally granted - 235 sqkm
    • grants pending - 329sqkm
    • to be registered - 45sqkm

    b. Page 18/22 on timelines - a bit of test on patience
    but this will be when we will be provided with clarity,
    • Q1/23 - 2ndMRE updated based on 204km drill results
    • Q2/23 - scoping study
    • Q2/23 - 3rd MRE updated based on 250km drill results
    • Q4/23 - PFS
    • H1/24 - DFS
    • H2/25 - construction ... and on the way

    c. (ignores any factoring / updates on Guayabo)

    So, we wait,
    but anticipate cel price appreciation, when we get further feeds in 2023/2024

    insider information?
    feel the current tailwinds in the pog, ...
    wish we knew the masters ... and their play
 
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