CHN chart, page-6474

$10 was probably an overshoot but if we pick the last raise price (can’t ember exactly what it was) $6-7 and then lay a weighted forecast revenue chart of palladium and nickel over the price chart we’d probably end up about where we are now and given market behaviour will probably overshoot to the downside.
I don’t think people understand the benefits that being so close to Perth will bring to the project….but that will have its drawbacks too.
I think any acquirer will want to see more met testing but most of all more clarity with nickel pricing. Let’s not forget that the largest producer of palladium in the world is currently waging the biggest European war in 70 years.
carbon border adjustments, a nascent hydrogen industry and local biodiversity concerns are all factors.
as Chalice had become such a large portion of my equity at higher prices I really had no choice but to sell tranches.
im still holding a tranche and will start re-entering.
its pretty much following the Lassonde curve, will it be an FMG or and RXM or SYR? Theres a lot of variables but the most important is the price of palladium. Aimo