69.2Mt @ 2.5% palladium sounds a bit optimistic...maybe this old article from April was written in double-Deutsch?
Pretty sure you are permitted to do a DCF if it's in double-deutsch even if you don't start with a JORC 2012 resource...lol.
Think that Hayden Bairstow from Macquarie and their investors will be very disappointed with the upcoming maiden resource estimate for Julimar.
High-grade lode structures at Julimar appear angled @ ~45 degrees to the current drill orientation thus increasing the actual true thickness of reported primary intersections by a factor of 1.3-1.4 (same problem exists for flat, saprolite results).
Furthermore, the number of lodes reported by CHN (11) appears grossly exaggerated given offset of primary sulfide concentrations either side of north-south-trending dolerite dykes.
There are only five primary lodes separated by 10-15% barren (post-mineralisation) dolerite based on my interpretation of drilling to date.
This downgrades current analyst volume guestimates of mineralisation by more than 50%.
Lastly, continuity into the area of state forest (Hartog), based upon Airborne EM, is not supported by surface geochemistry.
P
- Forums
- ASX - By Stock
- Fair Price for CHN with current resource ?
69.2Mt @ 2.5% palladium sounds a bit optimistic...maybe this old...
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHN (ASX) to my watchlist
(20min delay)
|
|||||
Last
98.5¢ |
Change
0.005(0.51%) |
Mkt cap ! $383.1M |
Open | High | Low | Value | Volume |
99.5¢ | $1.03 | 98.5¢ | $3.005M | 3.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 60998 | 98.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 60998 | 0.985 |
8 | 58107 | 0.980 |
4 | 52193 | 0.975 |
13 | 140078 | 0.970 |
4 | 28110 | 0.965 |
Price($) | Vol. | No. |
---|---|---|
0.995 | 10000 | 1 |
1.005 | 27930 | 3 |
1.010 | 28954 | 2 |
1.015 | 9890 | 1 |
1.020 | 22859 | 2 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |