I sold out at an average of about $7.40 earlier this year as I had doubts about CHN. Made a nice profit.
I agree it is low grade and there are no low grade such deposits in production and even CHN’s high grade is not that high grade. Unlike many massive copper and gold low grade deposits that are in production and economic, CHN’s multiple mineral with low Ni recoveries is very difficult to make economic.
I still see downside to the SP over the next 12 months.
Ann: Gonneville Project Metallurgy Update, page-120
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Last
$1.57 |
Change
-0.015(0.95%) |
Mkt cap ! $610.7M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.65 | $1.56 | $6.776M | 4.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10448 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 11713 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |