There is one chart in that article (image below) which tells a very grim story about CHN and where it’s SP maybe heading - ie there are very few PGE mines in operation with a grade of less than 3gm/t - look where CHN is “less than 1gm” and even the high grade is less than 2gm/t.
The author stated there is significant downside risk to CHN SP and he prefers a value of closer to $50m (an option value) plus cash. The article is well worth reading as it has number of points I have not seen about CHN. Metal prices and the SS.
ouch!
Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-774
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Last
$1.60 |
Change
-0.060(3.63%) |
Mkt cap ! $620.4M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.71 | $1.57 | $4.596M | 2.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35885 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 55793 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |