Like the chart strength but its also important to look at larger picture imo, CHZ may have +20 kms of epithermal quartz veins at Kestanelik which they plan to test. A few weeks after the geophysics data was released CHZ completed an large oversubcribed A$8M placement bringing resource funds including BakerSteel to the registor. BS has mostly invested in mid cap and large cap gold producers or gold projects close to start up. CHZ has no JORC or feasibility study completed at Kestanelik so their early investment is strong vote of confidence in the project and management.
Apart from Kestanelik, CHZ has Sisorta gold project where exploration should re-start and other copper gold projects to joint venture.
CHZ Price at posting:
63.9¢ Sentiment: LT Buy Disclosure: Held
