Cheapest Block in The Best Suburb!!, page-73

Why are you factually wrong? Are you intentionally downramping? Or have you just not read any documents put out by the company?
"Cash at the end of the quarter was approximately $1.3 million. The netcash outflows for the quarter was approximately $0.56 million."

"9. Estimated cash outflows for next quarter $A’000
9.7 Total estimated cash outflows: 490"

CHK has enough money to fund the first part of its farm in agreement. CHK also has the magical ability to raise money.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSTYP4wq6yRCZo%2F9yke92GA%3D%3D

"and have to this date have never proven up anything."
This. Is. Why. They. Are. Going. To. Be. Drilling. Their. Targets. West. Of. B. H. P.

CHK is killing two birds with one stone: Paying into the JV to earn 80% of the tenements AND drilling targets too!
Its like these management guys thought through their plans

You might also want to read the NR put out by CHK
"Drillhole HWD01 (Figure 2) showed favourable hematite-sericite alteration and accompanying low gradecopper mineralisation. HDW01 intersected brecciated and hematite altered Gawler Range Volcanics from861 m which graded into massive, fine-grained, hematite altered Gawler Range Volcanics towards the end ofthe hole. Petrological work indicated that the mineralisation is largely diagnostic of a system with fluidcompositions similar to the Olympic Dam deposit."

https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSTYP4wi0wRKZo%2F9yke92GA%3D%3D