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CHN - Chalice Mining

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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.
 
Hillman says yep to that!! Cheers for the info finicky!!
 
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?

 
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?

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

 
 
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