CHN 4.93% $1.81 chalice mining limited

Ann: Share Purchase Plan Opens - Letter and Offer Document, page-73

  1. 233 Posts.
    lightbulb Created with Sketch. 73
    You may call it a race if you wish - a race against diminishing momentum and ebbing confidence.

    We have already seen what effect the effluxion of time without news has on the SP.

    My understanding is that the weathering effect extends to only 30 - 40 metres at Julimar

    Further, massive sulphides have already been discovered at Gonneville, which should remove a lot of uncertainty from the exercise.

    I would imagine that by now the company has soil tested the entire intrusion and has plenty of drill targets lined up.

    So to go back to the original thought bubble - what is more likely to bring a positive result in these particular circumstances 1 DD hole of 1000 metres or 10 RC reconnaissance holes of 100 metres.

    NOTE I do not subscribe to your proposition that massive sulphides are more likely to be found at depth. I imagine they are like gold in that they are where you find them.
 
watchlist Created with Sketch. Add CHN (ASX) to my watchlist
(20min delay)
Last
$1.81
Change
0.085(4.93%)
Mkt cap ! $704.0M
Open High Low Value Volume
$1.70 $1.83 $1.70 $13.46M 7.797M

Buyers (Bids)

No. Vol. Price($)
5 24180 $1.80
 

Sellers (Offers)

Price($) Vol. No.
$1.82 850 1
View Market Depth
Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
Last
$1.82
  Change
0.085 ( 6.59 %)
Open High Low Volume
$1.70 $1.83 $1.69 1178311
Last updated 15.59pm 17/05/2024 ?
CHN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.