CHK - Copper, Cobalt and Gold potential - $5.2 mil MC

In the interests of not perpetuating that 50 Bagger thread which is just rediculous - i thought i would start a new one.

This share is currently barely valued above a shell and is sitting around where the most recent placement was completed with a number of potential catalysts in the short term which based on current MC could potentially provide short term 2-3x returns IMO.

Fast Facts:

Ticker: CHK - most recent raise at 1.3c (will be resistance and support)
Options: CHKO - 1.8c conversion exp 18 April 2020

Current SOI CHK- 435,947,574
Current SOI CHKO - 230,635,367

Current MC @1.2c = $5.23 mil
Current Cash @ 30 June 2017 = $1.89 mil
Current EV = $3.34 mil
Fully Diluted MC, Cash and EV = $8 mil (or at 1.8c which is conversion price $12 mil), $6 mil cash and either $2 or $6 mil EV.

I will not go into their current tenements and exploration at this stage as i believe it is readily available on the ASX and CHKs website - but some notable recent annoucements to review would be from the following dates:

7 August 2017 - Outstanding Copper and Cobalt Grades at Wee MacGregor
31 July 2017 - June 2017 Quarterly Activities and Cashflow
24 July 2017 - CHK to target High Grade Copper-Cobalt Mineralisation
27 June 2017 - Investor Presentation

Upcoming Catalysts:
Assay Results to confirm recent preliminary results from Sampling
Update on potential drilling commencement
Update on approval of tenements from Cobalt X acquisition

Strengths:
Granted Mining Tenements - Wee MacGregor
Brownfields Exploration - Wee MacGregor and Mt Cobalt
Stable Country

Weaknesses:
Need for CR within the next 6-9 months
Poor management communication and extended/missed time frames

All IMO - DYOR