4m oz resource here we come. Not in the next month or two, but the maiden JORC resource which will be released this quarter could be 1.5m oz on the way to 4m oz imo.
Based on a 'back of the envelope' takeover valuation calculated on 10% of the in-situ value of 1.5m oz gives a rough valuation for CHZ of $1.99 (using $1,700 gold).
4m oz gives a target of $5.30!
Still plenty of upside in this one guys.
4m oz resource here we come. Not in the next month or two, but...
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