I'm sure most of you are aware of CHZ, $4m cash, very low burn. 119m shares $5m MC @ 4.3c
A TC shell that just has an earn in agreement on the Kurnalpi Project, a nickel/gold project of MTH’s by reimbursing Mithril’s tenement acquisition costs and completing exploration expenditure of $250,000 over 4 years.
Kurnalpi covers Archaen ultramafic / mafic sequences which are prospective for both nickel sulphide and lode gold mineralisation.
Chesser has identified a number of gold and nickel sulphide targets with further surface geochemical sampling and EM geophysics planned for the second half of 2016. – might explain the recent interest a couple weeks ago
July Quarterly
During the Quarter, Chesser field checked a number of gold and nickel sulphide targets that had been identified from a review of historical exploration data. At the time of writing, the results of the field work (including rock chip sampling) were awaited
In addition to the Company’s investment in the Mithril JV, the Chesser Board is continuing to review other investment opportunities that are available to the Company. The focus of this review is identify investment opportunities that meet the Company’s investment criteria and is not restricted to specific sectors or industries
I hold some for a while back and will continue to do so until they pop........
