CHN's landpackage is extremely close to Karratha. When I think about it now If they prove up the presence of conglomerates there's no way we won't be trading close to $1 given peer valuations.
KAI has found no nuggets, just conglomerate units and is trading near 9 cents with 680m shares/options out. This puts their mcap fully diluted into the 60m range.
CHN can easily attain that kind of valuation + the 40-45m in cash and you're looking at well north of 50 cents.
Ann: West Pilbara Gold Project- New Drilling Programs to Commence, page-19
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$1.39 |
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Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6666 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 5000 | 1 |
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