1. CHM will own 55% of a project that will start shipping more than $3 million worth of Manganese per month in January (net >$1.5m to CHM = $18m / year for CHM)
2. No JORC yet but about $45 million worth of ore already stockpiled and ready to go (net $23m for CHM).
3. Grimaldi is delaying well but the music will stop soon and he is most likely to owe CHM >$50m. He couldn't escape the ATO so I don't see why he will escape the federal/high court.
4. CHM market cap is about $21m, with the above, implies significant upside potential.
5. You are now playing the man not the ball. So I assume you are getting desperate. For the record, the old posts will show I initially put equal money in CHM and MMX as a hedge/arbitrage play. The bile coming on the CHM thread from the MMXers prompted me to sell out of MMX and put it all on CHM. Since then MMX has dropped 70% and CHM increased 50%. I wouldn't call this a loser move.
Time will tell
Rumot
CHM Price at posting:
12.6¢ Sentiment: Hold Disclosure: Held
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