No matter what happens to the CHN share price in the short/medium term, this episode again highlights the incredibly complicated and expensive nature of transitioning from an explorer to a producer.
Higher interest costs and increasing costs of goods and services exaggerate this.
Assumed metal prices in the study are absurd, which further dents confidence in the integrity of the study outcomes.
CHN is no longer a WA blue chip success story. It is an out-and-out punt.
Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-283
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