appears that around 41 42 is the base.
this company is seriously undervalued.
chloe and jackson combined at this stage would be at least 5mt of good grade ZnPb mineralisation.
this will head back past 60c in the next few weeks. once the market realises the high probability of a very profitable base metals project starting construction in 2008 for production 2009 with low capex and opex you will see it rerated.
it is impossible for this stock to have a market cap below 80-90m as it moves forwards.
so much blue sky potential as well. the are so many base metal targets that have proven to have mineralisation. hopefully find some more copper among them.
tollhurst valued CSE at $1.04 and that was with 49% of Chloe/Jackson. so what does that mean now that CSE owns 100%? abn amro valued it at even more.
should move very quickly when market catches on that teck not taking an interest and the deposits grow
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