STTCOMP CHN, FA Long CHALICE GOLD MINES LIMITED sp 16c mc 43.16m...

STTCOMP CHN, FA Long

CHALICE GOLD MINES LIMITED

sp 16c
mc 43.16m
cash a$31.2m (27/10/2016),
assets ~32260836 shares in First Mining Finance Corp (tsx v ff) with a value of c$26.1m @ 81c (last traded price)
~22.95% of unlisted GeoCrystal Limited with a value of $968,333 (from annual report)
~400k shares in asx listed company Doray Minerals Limited value of 226k (last price)
~2m shares in tsx listed Kesselrun Resources Ltd valued at $200k
the company also holds projects in australia and canada, Chalice has executed three exploration joint venture agreements in recent months and according to management are searching for new assets to increase shareholder value. Chalice has also recently bought back over 12m worth of its own stock with a target of buying back 28m over the next 12 months. Chalice is also entitled to a payment of A$5 million upon commercial production at the Nyanzaga Project in Tanzania where ORR.AX recently released a posative scoping study. Reason for the tip is the company is obviously highly undervalued with a mc well under cash and asset backing. first mining have over 10m ounces of gold in the ground so are a great gold price lever if the price of gold continues to rise from here. tipping it for a short term gain due to current market uncertainties but in my view it's a good medium to long term hold. anyway free money and all right