doesn't shallow mean low cost ?, page-2

Zaaro,
The problem with CHZ at the moment is that the market was disappointed with the maiden JORC resource in both size and grade. It was also released much later than the MD had indicated. These factors coupled with terrible broader market have lead to the fall in the price and the emergence of sellers of the stock. Whoever is sitting at 39.5 as a seller is certainly not striving to achieve the best price for their stock. I would have thought putting a bit on the screen at a time would have been a much better and more rewarding exit strategy.

On a positive note the company has only tested 10% of the known veins at Kestanelik so over time the resource is likely to grow substantially. Even at an average grade around 2.5 g/t with shallow open pit mining the project should generate very good margins at current gold prices.

For now it is important for Chesser to continue drilling as much as possible with regular release of results which will help to build the confidence of the market that the company is potentially sitting on a multi-million ounce resource.

Whilst the journey to much higher market capitalisation looks like taking longer than I had hoped I have every confidence it will get there in the end.

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