CEL 9.62% 5.7¢ challenger gold limited

Ann: Quarterly Activities Report, page-11

  1. 4,302 Posts.
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    Except you're not comparing apples with apples here. PDI has 5Moz+ in resources of which 3Moz is reserves (supported by a PFS). CEL has 2.8Moz in resources (at Hualilan) of which the scoping study mine plan had less than 1Moz (they aren't reserves until supported by a PFS).

    PDI has a pathway to a near tier-1 asset and because of the scarcity of such assets it trades at a premium to other developers.

    That being said, there is still value in CEL as a solid smaller scale operation with strong free cashflow.

    I'm a shareholder as of this week.
 
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