Disagree, exploration is a minor cost and CHN has funds and expertise to do it. Another good discovery could put a fire under the share price, particularly if it supports Gonneville and leads to a metal's region. Also, CHN would have had to make exploration commitments when they got their exploration leases approved. Resources belong to people of WA and you can't just sit on them, explore or lose them. CHN have outlined they have funds for PFS and exploration.
Why the shorters are going to win, page-9
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Last
$1.59 |
Change
-0.195(11.0%) |
Mkt cap ! $616.6M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.48 | $14.62M | 9.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 43319 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 15000 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |