CEL
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6.25% 4.5¢ challenger gold limited

Rained in so I had a bit of a look. Lots of drilling this year...

  1. scittyandcross
    5,300 Posts.
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    10/12/21
    06:43
    Post #: 58202208
    Rained in so I had a bit of a look.

    Lots of drilling this year (140,000+ metres). Mix of high grade/low grade over 4 km with lots of other zones to explore with resource due to be announced early next year. Sounding familiar?

    Well it even has a hwy and power line running straight past so you can understand KK's comparison !!

    https://hotcopper.com.au/data/attachments/3880/3880588-7e79c2f304a389e46743c297343814a6.jpg


    https://hotcopper.com.au/data/attachments/3880/3880583-8aa8dbb8363fcd581e35cbeb9936c02c.jpg


    The contingent payment component of the deal only kicks in when Kinross announce more than @ 8.5 moz's so its large.


    https://hotcopper.com.au/data/attachments/3880/3880569-afbd422ece3fbe11bae1f87487cafa45.jpg


    So lets hope that KK is bang on the money with his comparison.
    Last edited by scittyandcross: 10/12/21
    CEL Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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