Been watching this one for a while. I'm on board as of today with a modest holding with another order @ 15c. These markets dictate that gold should make up some of the portfolio, I chose Chalice for a number of reasons:
1) Management have a solid track record
2) They have an EV of near to 0, meaning very limited downside
3) The shareholder capital return is around a 25% 'profit (TBC tax free by the ATO)' and if the share price does dip to compensate then just reinvest returned capital at a lower share price.
4) They are cashed up, the market likes this in bear markets
5) Projects have large upside (just a sniff of gold in the drill bit to start with will be very very positive) and in Tier 1 mining jurisdictions
All IMO, good luck all!
Ann: Major new drill program at East Cadillac Gold Project, page-5
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$1.39 |
Change
0.060(4.51%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.44 | $1.33 | $4.675M | 3.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80248 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 9275 | 2 |
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