CHZ 4.17% 12.5¢ chesser resources limited

rick's tone suggest over 1mill resource

  1. 260 Posts.
    yesterday's announcement and Rick's audio suggests that the initial JORC resource is only the beginning.

    Listening to the audio summary
    - 4 rigs going uninterrupted
    - New intercepts on existing resources, extending the existing resource
    - JORC was interim resource
    - Upside will be a) extensions on known veins b) New zones, potential similar results
    - 70% in first 50m
    - 40% in first 20m high grade of 3gm/tonne
    - Very good economics
    - 9000m yet to analysed and to be announced
    - 6000m to be drilled
    - Monthly announcements from now on

    Sounds to me they are expecting well over 1 million oz, cheap to mine, cheap to transport.

    40% in first 20m - heck, we could almost get a few dozen men with some shovels, pans and a river and dig it up the old fashioned way
    Zaaro

 
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