Yes but those assumptions were made for the future NOT at the present time. It wasn’t Chalice who made those assumptions it was independently outsourced to specialist scoping study specialists who based those assumptions on a 50 year average price trend.
Thats the problem - market always think NOW rather than considering likely prices 5-10 years later.
Rick Rule quote - “the market is frequently wrong.”
What I think may have happened is that very small medium investors/instos decided to park their capital elsewhere as PGE metals were reaching their cyclical lows. Also geopolitical influence (Ukraine war etc.) and Chalice won’t be producing for a couple of years. So basically nothing changed except the SP.
Last month’s new MRE upgrade vindicates the scoping study last August.
All in my opinion and not investment advice.
CHN chart, page-7949
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Last
$1.84 |
Change
0.030(1.66%) |
Mkt cap ! $715.8M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.84 | $1.78 | $6.138M | 3.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9478 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 45357 | 4 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |