CEL 2.22% 4.4¢ challenger gold limited

Yep 30g/t usually makes for a good starter operation Seems like...

  1. 1,550 Posts.
    lightbulb Created with Sketch. 224
    Yep 30g/t usually makes for a good starter operation what.png

    Seems like a fairly challenging pit design being steeply dipping and in the steep valley there, but an oz/t will be worth the effort.

    Its probably worth keeping the low grade out of early mine plan and just targeting 10g/t + for early years... Low capex / dilution, super quick payback and then add capacity with cash. 1mt @10g would provide a profitable little starter mine plan to establish the company on strong financials.
    Then prove up the 20moz around El Guayabo
    Last edited by Goldbullsach: 01/07/21
 
watchlist Created with Sketch. Add CEL (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
-0.001(2.22%)
Mkt cap ! $61.76M
Open High Low Value Volume
4.5¢ 4.5¢ 4.3¢ $2.894K 65.01K

Buyers (Bids)

No. Vol. Price($)
1 33 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 8423 1
View Market Depth
Last trade - 13.56pm 06/08/2024 (20 minute delay) ?
CEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.