The 24.1.22 Announcement for the December Quarterly also stated these tantalysing opportunities
"• Significant Resource growth potential: mineralisation open along strike and at depth plus numerous prospective exploration targets on the tenement including the recent Area H discovery
• Emerging highly prospective region: additional discoveries being made in the area including Barrick’s Kabewest prospect
• Excellent metallurgical characteristics: testwork averaged 96% recoveries with no evidence of deleterious elements, amenable to a simple cyanide leach process flow sheet
• Shallow open pit: Resources are constrained within two adjacent pits covering both Area A and Area D with a significant soft oxide component and potentially low strip ratio (Figure 1)
• Excellent Project infrastructure: limited competing land use, close to national highway and water, skilled national workforce, and supportive mining jurisdiction
• Low Discovery cost: US$11/oz".
The market often "ignores/downplays" small ASX exploration stocks, despite very promising Results. Sentiment can sometimes change very quickly, with continuing good drill results &/or Scoping Studies etc.
The "Efficient Market Hypothesis", taught in all Australian Universities' Economics Courses, is often shown to have severe limitations, when it comes to analysis of small exploration stock & their share price performance.
The relentless selling by 1832 Asset Management of CHZ (in 2021, but apparently not in recent months) may have dampened enthusiasm for CHZ- only partially off-set by the major buying (6%+ of SOI forCHZ) by Canadian-based Silver Corp.
