Chalice hit its max of $9.17 on 04/06/2021. It plummeted to $6.61 on 21/06/2021 and since then has been a pretty constant up and down in the range between $6.50 and $7.50 ($7.21 today). There is little correlation with POD's 4 day fall fall since its terrific progress report.
If people are using short-term futures to value an undeveloped resource, when we have little idea where the price of PGMs and copper will be in 5 years time (when the metal might be closer to coming out of the ground) then what fools they are. It makes not one bit of difference to the buying opportunity or much sense to the reality of what is happening.
This is what the pure price chart for the year says for CHN:
Chalice hit its max of $9.17 on 04/06/2021. It plummeted to...
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