If my calculations are correct, CHN trades at $65 per EV/oz. Given the ASX listed average is $100/oz, CHN looks very attractive relative to its peers.
In addition, many of the companies valued sub $100/oz are very early stage explorers, low grade and/or high cost resources.
Exploration potential appears no worse than peers and CHN are not trying to milk a tired asset like many others. Sovereign risk is no greater than CHN's African peers.
Looks very interesting, even if the bottom is not in yet.
TabulaRasa
Ann: Release of shares from escrow , page-5
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 (20min delay)
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
