People should ask themselves why did this stock run on the initial MRE to north of $10 with only 7% of the tenement explored?
It ran because this resource is generational and it fell to a ridiculous sub $1 because mining was still years away and the instos saw money to be made in shorting a stock that had a premature 3 billion MC and then an SS that gave them more ammunition.
Now the initial MRE has nearly doubled to 550 MT and is still open in all directions.
Every metal in the mix is running or poised to run.
Government is interested in nurturing these local miners in turbulent times.
$4 is chicken feed, still a massive gap up to $5 to fill post SS drop.
More resource to drill and find.
Partner to be named.
Starter mine up and running in 2028 when metal prices will likely be far higher and cash will begin flowing.
Easily $10 will be revisited when each box gets ticked.
Only spoiler is an opportunistic T/O play.
People should ask themselves why did this stock run on the...
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.64 |
Change
0.055(3.47%) |
Mkt cap ! $637.9M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.69 | $1.59 | $5.890M | 3.589M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 37450 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 14347 | 1 |
View Market Depth
| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.64 |
Change
0.055 ( 3.82 %) |
||||
| Open | High | Low | Volume | ||
| $1.59 | $1.69 | $1.59 | 509496 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| CHN (ASX) Chart |