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$1.11 chalice mining limited

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calmbeforestorm

5,305 Posts.

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17/01/24

12:32

Post #: 71921466
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Originally posted by Ginger7: ↑

One should always return to the fundamentals. Mining is about grade, ( one could also say tonnes, but the grade initially determines the tonnes) Punters seem to still get hot and horny about resource, or even mineralisation. However ore in the ground has zero value. It is only when you can mine it , process it , ship it and sell it at a profit high enough to justify investment, including risk that you have a goer. I was on a board once where the geos were wetting themselves about the " mineralisation" As geos do. They got all bitter and twisted when the engineers did a MP and left half of it in the ground ( steeply dipping ore body, big strip ratio. Some will accuse me of stating the bleeding obvious, but as I said, look at the basics .
The rest is pure speculation ( or if you prefer ) gambling. If you want to gamble, go for it

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my view as well

CHN Price at posting: $1.12 Sentiment: Sell Disclosure: Not Held
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Last $1.11		Change 0.050(4.74%)		Mkt cap ! $412.3M

Open	High	Low	Value	Volume
$1.08	$1.11	$1.06	$1.176M	1.089M

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No.	Vol.	Price($)
15	39885	$1.10

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Price($)	Vol.	No.
$1.11	373	1

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No.	Vol.	Price($)
15	38624	1.095
8	120949	1.090
6	111995	1.085
6	16521	1.080
5	26015	1.075

Price($)	Vol.	No.
1.105	28309	11
1.110	39715	6
1.115	130000	6
1.120	73675	8
1.125	296656	2

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