The longer the PGE prices stay low the more current miners and future competitors are loosing money.
Chalice aren't mining so have much lower overheads and are financed for the next year and a half.
Assuming PGE prices recover in the next 3 or 4 years, the current low prices could be good for Chalice in the long run.
CHN chart, page-8982
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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 |