The reason that Chalice is worth what it is, is only partly the PGEs. They've got the largest nickel asset discovered in over 20 years, with 0.58% grade, we're at 0.1%.
0.58% is worth looking at for its own mining purposes, so if you add on the PGE then you're laughing. Can look at it the other way around, but you're still laughing.
So for us, there's currently a 6x decrease in our Nickel worth, and that's a piece of why we're much lower in our market cap. But I'm hopeful that the next drill results to come, and the Ir/Rh will go some way to reducing that gap. Even so, you need to process all of this, and the Capex required to turn 0.1% NiSulphide into Nickel is vast. At least we've got sulphide, not oxide.
Not trying to dampen the excitement - I've got 2 fat fingers in this pie already! But we would need some pretty bloody epic results between the 300-500-1000 (if @AlfieKnows is right, which I hope he is!)
Super low volumes traded on an exciting low SOI opportunity. This should pop one day
The reason that Chalice is worth what it is, is only partly the...
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