the last capital raising was more than double the current price. We currently have shallow gold and a proposed payback of 15 months. Seems feasible to me. Seems like it will take at least 2 years for CHZ to start constructing a mine.
I am not sure what the direction is of CHZ atm as the last presentation that they did mentioned "potentially" being a developer.
Seems they are comfortable just looking for more gold and spending cash. The increase of ounces hasn't really increased CHZ's market capital which is frustrating.
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+$2000 gold price, page-4
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