I have previously understand from Andrew that for this drilling...

I have previously understand from Andrew that for this drilling campaign, he would terminate the drilling in order to save cost once the mineralization tapers off. That's probably why HWDD03 was only drilled to about 1096m and not much further.

For HWDD04, we already see high grade bornite at 973m and was still drilling at 1400m. This means we have at least a 427m of copper mineralization. Massive pyrite and chalcopyrite with minor bornite.

Make no mistake, 427m is a massive strike length and if the grades across the strike length are in my opinion above 0.5% copper, then we have our discovery hole. After which the company could do further drilling to understand the structure and determine the high grade zones.

The chairman who is apparently pretty wealthy knows this, and he just buys as much as he could before the lab hands the company the assay results. There is no need for any insider trading as this is public information. People can infer what they want from the Nov 2020 presentation.

Imo, at only about $43m mc, this is seriously undervalued from the information that is already available. If hit, this kind of resource can easily propel CHK to hundreds of million in terms of market cap. Honestly, I don't see CHK going into production. A buyout from BHP or other majors is most likely.