Esh, absolutely agree with everything that you said. I have absolutely no idea about the geology, but the fact that this company has five drill rigs chasing several big targets in a 100MM ounce region says enough. It's also backed by plenty of capital and a proven management team, so if the program fails, the company can buy something else...even something more advanced and quickly turn it into something worthwhile.
Probe Metals (our next door neighbour) is worth $128 million on the TSX-vulture exchange. Goldcorp currently owns approx. 13.7 % of the company. This is the latest company update from Probe Metals on their project: https://www.probemetals.com/news/20...r-east-and-provides-2018-exploration-outlook/ .
Probe Metals owns VAL-D 'oR whicj has an Inferred resource of 770K oz Au @ 2.63 g/t.
Probe have a lot of territory in the region, which justifies their market cap. But there is a historical mine called Val-d'Or, right next door to Prove Metals discovery. It produced over 30-million ounces. You can the mine on page 9 of the CHN presentation.
Probe Metals' VAL-D 'oR project just hit 83m @ 3.0 g/t of gold near surface. Imagine what that would do to CHN's share price! Probe has a 85,000 metre drill program planned for 2018, with five drill rigs on site.
CHN have enough coin to match that...plus more.
CHN has entered into, what could become, one of the hottest gold regions on Earth this year. The company is an absolute golden egg going under the radar. It's almost cash backed, drilling in a multi-million ounce region with plenty of nearby discoveries.
I am extremely bullish on this stock.
It's an absolute no brainer.
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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 | $2.349M | 1.749M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 6763 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.37 | 1808 | 2 |
View Market Depth
No. | Vol. | Price($) |
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5 | 386752 | 0.145 |
6 | 299000 | 0.140 |
8 | 191611 | 0.135 |
6 | 319853 | 0.130 |
5 | 292000 | 0.125 |
Price($) | Vol. | No. |
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0.150 | 40000 | 2 |
0.155 | 367180 | 1 |
0.160 | 460998 | 10 |
0.165 | 353140 | 7 |
0.170 | 248919 | 2 |
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