Ann: Further encouraging gold assays Phase 2 Challenger Deeps, page-3

This company looks like its going to the wall on these results. The chairman said the goal of opening challenger was to access challenger deeps, these results - which look like grade control drilling to shore-up a mining level - are very average at best.

Considering it would cost over $1m to get to the level, and this is supposed to be a large source of ore it does not look promising. Its looks to be ~50m of strike worth of economic mining on that level - simply not enough to justify developing to!

In this frothy market theres a reason that funding is 'slower than anticipated'. The risk of this company even at $20m MC is off the charts, and the upside is what? That it might simply survive?