CHN shareholders are excited...good to see from such a boring stock unfortunately the Whitelaw belt is the place to be and CYL have that belt all wrapped up...So close but so far..Anyway don't feel bad there are a lot of company's in a similar situation's all looking over their boundary fences hoping the rich's extend into their tenements...
The Company has significant interests in eight exploration licences (EL’s) covering the whole of the known Whitelaw Belt - an area of approximately 75 km long, and 5-10 km wide commencing immediately north of the outcropping Bendigo Goldfield (Figure 1). This is the structural zone thought to control the emplacement of the Bendigo gold deposits...
Unfortunately for CHN the needle in the haystack is on the other side of their boundaries..... anyways still lots of money to waste...looking forward to see how much they have wasted over the last quarter and where there new cash backing share price sits and whether their share price will erode to match that or even worse start to trade at a discount to it? Say like...
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