Chalice Gold Starts Afresh, With A Fistful Of Dollars, A Host Of...

Chalice Gold Starts Afresh, With A Fistful Of Dollars, A Host Of Exploration Targets, And A Share Price Trading At A Discount To Cash


http://minesite.com/news/chalice-gold-starts-afresh-with-a-fistful-of-dollars-a-host-of-exploration-targets-and-a-share-price-trading-at-a-discount-to-cash
http://en.wikipedia.org/wiki/A_Fistful_of_Dollars
http://www.tesfanews.net/archives/7803

A few extracts of a much longer piece.

Psst! Would you like to make a rapid 45 per cent return on your investment? It’s there for the taking in Chalice Gold Mines, which will soon boast a cash backing per share substantially higher than the current share price...

“We’ve already started the hunt for new opportunities”, said Chalice chairman, Tim Goyder on the sidelines of a mining conference in Sydney.

After all, capital markets tight there is every chance that it will be able to edge its way into a deal (or deals) on excellent terms. That would be one way the shares might start to move. But the second potential driver to the company’s share price as it re-sets its corporate clock will be exploration news from Mogoraib North and Hurum. News on that front might not be far away as the first rig is scheduled to start drilling next week.

“Now we need to get the drill crews on site, putting one or two holes into each of the top 20 anomalies to see whether we’re in elephant country. Or, what I should say is that we’re undoubtedly in elephant country. We’re now finding out whether there are any elephants left. The upside potential from making a discovery similar to Bisha is enormous.”


As far as the potential dealflow is concerned, everything remains on the menu. “It will be a global hunt”, said Tim.