Friday's recovery into the close increased my level of confidence that the stock will perform well this week. It is four weeks since drilling resumed at the Kestanelik Gold Project where surface sampling returned high grade gold results of 7.7m @ 23.4g/t Au. Two drilling rigs are currently working on a 10,000 metre program which is expected to last until the end of October. News Due:Assay results from drilling at the company's Kestanelik Gold Project in North Western Turkey. Price Target: The price recovery into the close on Friday increased my confidence about the week ahead. The stock needs to break the 50 cent level convincingly. Based on a measured move if it does then my next target will be 59 cents. Disclosure: Holding CHZ
CHZ Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held