Never seen such CHK smart investors where a number of companies AIS, ARE etc drilled for IOGC deposit in areas surrounding Torrens lake but failed to find any copper deposit as anticipated. Given, it involves deep drilling and is very expensive to drill, CHK spent a lot of money for nothing other than keeping investors guessing one drill program after another for months.
It is up to CHK investors to consider which way to go? CHK is still a speculative stock!
ARE and AIS has almost given up exploration....in area around Torrens lake and closer to Horse shoe well just like BHP did before!
If IOGC deposit is there would indeed be very deep. Whether it would be economically viable that is another question?
This put a question mark on CHK strategy on delivery of any productive and positive outcome?
DYOR
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