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07/08/22
16:24
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Originally posted by FreeflyerNZ:
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A good comparison would be CHZ vs BRB some off the cuff comparisons mkt cap, 56m vs 66m soi, CHZ 588m BRB 325m almost half. cash, both have just over 11m in cash CHZ just under 800koz - looking to upgrade soon past 1m oz BRB 1.7m oz looking to upgrade soon to just over 2m ozs CHZ has much better regional exploration opportunities grade is similar. Geometry CHZ out performs BRB hands down. Strip ratio for BRB gets a little bit ugly towards the bottom of the pit. metallurgy, both have simple met, and good recoveries of free gold. Both are deposits that are fresh and never been mined before. BRB are in WA on a granted mining lease. CHZ Senegal, needs more approvals drilling not sure how many metres filled for CHZ BRB has well over 300,000m of drilling future funding.. BRB received 6.5m in cash and 6.5m in shares. Two lots of 10m in the future coming it's way down the track and retains a 20% shareholding. CHZ, likely more dilution to get to FID. Both will have to finance construction needs some way or another. But BRB will look to possibly toll 200,000ozs at 2g/t with a pit down to only 65m. CHZ has regional exploration opportunities and ability to find ozs cheap as well as a much better scoping study. BRB quicker to production possibly early cash flow and a decent shareholding In a very shallow lithium resource. With many more potential pegmatities at their other tenements (BRB 100% ownership) that haven't been explored. I'd like to see what others think when looking to compare.. I think it's a very healthy comparison and possibly both are undervalued.
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All good points there freeflyernz. I prefer to see comparisons in the same region and as such I look to TIE as a good example. MKG is also following in the same footsteps as a developing multi million oz story. Lots of merger acquisition stories to happen in the African markets. CHZ is worth multiples of current price whether they develop a mine or sell it outright. Lots of goldies waiting for interest to return to the sector. Cheers Not so Grumpy Monkey