Australian (ASX) Stock Market Forum

CHN - Chalice Mining

Jump to new
That wasn't a small bet even then though - 35 grand seems like an awful lot for a middle class family to be throwing around speculating with?

Or is she in the investing/numbers/etc business too?
 
Anyone tried to do a valuation on this or just taking a punt? $2.5b + MC is a lot for a company without a MRE out yet. Maybe I just don't understand these type of deposits enough. It's run pretty hard.
 
I haven't tried to value it but the boundary between Gonneville, being the mineralisation currently drilled, and the state forest airborne electromag anomaly is entirely artificial. Most think that a similar if not greater deposit lies there named 'Hartog' that has not been drilled, not permitted yet. Hartog has an identical looking electromagnetic 'signature'. Some speculate Hartog could have the feeder zone which hasn't yet been detected at Gonneville. Chalice did their first drill hole at Gonneville because it was on private land, if Hartog were not state forest they might conceivably have started there - arbitrary
So all I am saying is there is enough drilling in the pipeline (assuming it will be permitted by the W.A govt) to keep speculation and dreams alive and optimistic. Hillman may need psychiatric intervention if they strike at Hartog and there are prospects beyond Hartog. Hartog ... Hartog
Some are using comparison to other big PGE deposits to get a handle on it, others are adding up the ozs so far and using spot price, haha.
 
finicky said:
I haven't tried to value it but the boundary between Gonneville, being the mineralisation currently drilled, and the state forest airborne electromag anomaly is entirely artificial. Most think that a similar if not greater deposit lies there named 'Hartog' that has not been drilled, not permitted yet. Hartog has an identical looking electromagnetic 'signature'. Some speculate Hartog could have the feeder zone which hasn't yet been detected at Gonneville. Chalice did their first drill hole at Gonneville because it was on private land, if Hartog were not state forest they might conceivably have started there - arbitrary
So all I am saying is there is enough drilling in the pipeline (assuming it will be permitted by the W.A govt) to keep speculation and dreams alive and optimistic. Hillman may need psychiatric intervention if they strike at Hartog and there are prospects beyond Hartog. Hartog ... Hartog
Some are using comparison too other big PGE deposits to get a handle on it, others are adding up the ozs so far and using spot price, haha.
Click to expand...
Hillman says yep to that!! Cheers for the info finicky!!
 
finicky said:
I haven't tried to value it but the boundary between Gonneville, being the mineralisation currently drilled, and the state forest airborne electromag anomaly is entirely artificial. Most think that a similar if not greater deposit lies there named 'Hartog' that has not been drilled, not permitted yet.
Click to expand...
finicky said:
Some are using comparison to other big PGE deposits to get a handle on it, others are adding up the ozs so far and using spot price, haha.
Click to expand...

I don't know how anyone could put a tonnage on what they're drilled so far. It's all over the place and ranging in grades. Overall length width and depths look big, but it's not consistent. Palladium is $95k a kilo so maybe that's the thing. A lot of people obviously think that what they've hit so far is worth $2.5b + - without an MRE. There's nothing in Australia to compare it to that I can find.
 
DEG is the closest I can think of (and you'll see the price of that over the past year or so has done something similar).
 
over9k said:
That wasn't a small bet even then though - 35 grand seems like an awful lot for a middle class family to be throwing around speculating with?

Or is she in the investing/numbers/etc business too?
Click to expand...
My wife loves trading...we are NOT selling in the foreseeable future... hoping for a t/o over atleast $12/$15 sp target.....
 
If you had a time machine and you could do just one thing, would you go back and look at this share price two years ago?

Screen Shot 2021-05-18 at 2.29.46 pm.png
 
finicky said:
Nothing scientific from me but they've got ~ 6 rigs drilling, assays pending and some day ahead they'll get permission to drill north of Gonneville in the state forest. I also like in the report that they have identified a shallow 'supergene' zone which I believe could be an early low cap mining stage. I need cash to to buffer my ASX exposure, CHN is the obvious candidate for selling something but I can't bring myself to do it.
Click to expand...
DONOT sell Chn....
 
Hillman787 said:
DONOT sell Chn....
Click to expand...

It's impossible to put a price target on this without a MRE or even a PFS as yet. Could be anything.

It will pause or come off at some stage, so be prepared. Most likely follow what is called the Lassonde Curve. This is a generalisation but you'll find most resource explorers go through this cycle. Chalice is probably in the Discovery Phase. When do punters start cashing in?

www.visualcapitalist.com

Visualizing the Life Cycle of a Mineral Discovery

Building a mine takes time that poses risks at every stage. This graphic maps a mineral deposit from discovery to mining, showing where value is created.
www.visualcapitalist.com www.visualcapitalist.com

Screen Shot 2021-05-19 at 8.23.18 am.png
 
kennas said:
It's impossible to put a price target on this without a MRE or even a PFS as yet. Could be anything.

It will pause or come off at some stage, so be prepared. Most likely follow what is called the Lassonde Curve. This is a generalisation but you'll find most resource explorers go through this cycle. Chalice is probably in the Discovery Phase. When do punters start cashing in?

www.visualcapitalist.com

Visualizing the Life Cycle of a Mineral Discovery

Building a mine takes time that poses risks at every stage. This graphic maps a mineral deposit from discovery to mining, showing where value is created.
www.visualcapitalist.com www.visualcapitalist.com

View attachment 124485
Click to expand...
 

Similar threads

R
Portfolio Balance
Replies
8
Views
2K
Belli
B
R
SSAC - iShares MSCI ACWI UCITS ETF
Replies
2
Views
856
Sean K
Sean K
ducati916
November 2024 DDD
2 3
Replies
53
Views
4K
ducati916
ducati916
R
AAL - American Airlines Group (NASDAQ)
Replies
1
Views
1K
robertbanking
R
R
CMT - Core Molding Technologies, Inc. (NYSEAMERICAN)
Replies
0
Views
856
robertbanking
R
Top