CHN 3.30% $1.10 chalice mining limited

Still a buy at this price?, page-5

  1. 9,018 Posts.
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    These are some of my favorite lines from Alex,contained in the Annual report.

    Diamond drilling is set to re-commence at Pyramid Hill in early Q4 2020, and I am eagerly awaiting
    results as we narrow in on the >4km gold system identified at the priority Karri Prospect.

    Elsewhere, a maiden drilling program is imminent at our Hawkstone Project in the frontier West Kimberley
    region of WA.

    The start of drilling at Pyramid Hill and Hawkstone will mark the beginning of an
    unprecedented level of exploration activity for the Company, with simultaneous drilling underway
    across three large-scale projects in hotly contested mineral provinces. This intensive program could see
    up to eight drill rigs operating across the portfolio in the coming months, a testament to our drive for
    new discoveries.

    Within Alex's address he mentions of the fact that they will eventually have 5 rigs on site at Julimar, Rigs and teams are getting scarce and I imagine more expensive.
    A ~70,000m RC/diamond resource definition drilling program with 3-5 drill rigs:
 
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