CML 0.00% 2.0¢ chase mining corporation limited

Its Good to see the Chairman buying another lot of shares on...

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  1. 122 Posts.
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    Its Good to see the Chairman buying another lot of shares on market, brings his total to 16million now and another director buying 1.43mil on market a month earlier bringing his total to 5.7mil shares. Thats 11% of the company just between 2 of them.  Get the sense this is finally turning the corner here, with the VTEM survey commencing this month, it will be very interesting to see what it shows, after thinking about it further it makes sense that they haven’t just gone and peppered Alotta after successfully extending the mineralisation there (its still open in multiple directions), the VTEM survey is a good way to define massive Nickel-Copper sulphide ore bodies, and with the already known Alotta deposit the signature it will have will be priceless for defining more of these deposits and showing the extent of the Alotta deposit which could pinch and bow making it viable stand alone if it has enough extension. By flying the VTEM Basically a lot of work can be done in one go, then its just a matter of sticking a drill hole through the guts of the EM targets that are defined from the VTEM and seeing how thick and high grade the ore bodies are. The grades have been proven to be world class and wide spread in the areas so we have confidence there, its just a matter of defining an ore body with enough meet on the bone.
    Last edited by Elpro: 17/02/19
 
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