the red box is the discovery, to the north is the tenement that has the long red lit aeromagnetics. you can see that the discovery is just a pin prick to what this could be. whilst the northern tenement is state forest thanks to LPN, he gave us a great description of what he saw regarding this land. LPN said
1 - the State Forest appears to be reclaimed farmland, reforested in the 1970's/80's (or that at least is my understanding of when a lot of the water catchment area around Perth was reforested). Perhaps a bit later, it looks only maybe 25-30 years old. From memory, most reforestation was done mainly to reduce salinity and turbidity in Perth's dams and act as a barrier to locusts from the wheatbelt. I'm guessing it therefore shouldnt present too many heritage issues but is signposted as a "conservation area" and there are lots of stopping points for looking at wildflowers (a big thing in WA) so there will be strict requirements around that.
2 - Not particularly significant but I noted that the forest is more Wandoo than Jarrah. With a bit of banksia and hakea scrub. There are still a few large, twisted and not good for logging, old-growth trees but not many. I think most of the land would have originally been for sheep farming so the less commercial trees would have been left for shade. Now the remaining farms are a mix of sheep and cattle.
In understanding this and Chalice expertise with getting governments onside in Victoria. We should have access to this in about 3 months. This will create massive optionality & god knows how big this could be......
- Forums
- ASX - By Stock
- CHN
- Pessimism vs Optimism
Pessimism vs Optimism, page-148
-
- There are more pages in this discussion • 46 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
$1.60 |
Change
0.000(0.00%) |
Mkt cap ! $622.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5175 | $1.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 59 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5800 | 1.610 |
1 | 4375 | 1.605 |
4 | 8922 | 1.600 |
2 | 8325 | 1.595 |
4 | 20150 | 1.590 |
Price($) | Vol. | No. |
---|---|---|
1.525 | 59 | 1 |
1.555 | 474 | 1 |
1.570 | 723 | 1 |
1.600 | 81 | 1 |
1.605 | 6650 | 1 |
Last trade - 09.40am 08/10/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |
Day chart unavailable