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.
CHZ Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
