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$1.55 chalice mining limited

Ann: Diamond Drilling Commences at Hartog, page-112

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Hillman787

972 Posts.

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23/01/22

18:27

Post #: 59073698
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Originally posted by stuwall: ↑

we know Hartog etc is looking better than Gonnie, looking bigger and Ni Equ higher grade. Nothing new there. Trouble is its in the 'forest', and a MRE on it will take ages. Time is money. Mine Gonnie first in the duration seems the only choice. Not really a revelation. Neither is the disconnect between SP and resource value. Neither is the leverage the Insto's have on persistent SP value. Chn are pouring their efforts/$ into the 250m infilling of Gonnie, adding to Gonnies inferred from its Indicated, ie, MRE+. While expected exceptional hits in Hartog will rocket the SP, history says the Insto's will vacuum pack the SP to a base value again. And it's base value right now is MRE based. With no connection to Indicated,spot prices, permit access and exploratory drilling being unleashed.Even 'proving' Hartog is mineralised resulted in transient SP lift.

This is all just conjecture, shit I'd be thrilled if Julimar sends the SP into orbit and it sticks. But history doesn't so much repeats but rhymes, and hard lessons can sometimes be learned from.

May the Drill Gods be benevolent.
Amen

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Peace be with you !!
amen

CHN Price at posting: $8.20 Sentiment: Buy Disclosure: Held
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