CHZ 4.17% 12.5¢ chesser resources limited

Hopefully all the negatives mentioned above means its a good...

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  1. 268 Posts.
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    Hopefully all the negatives mentioned above means its a good deal. Having foolishly averaged down from 63c in 2012 I'm still looking at pretty substantial losses, even as CHZ got great results from drilling. I don't think a market cap of $28 million reflects the value in this company - some of the good things from the scoping study last September:
    Capex only $88 million
    65% of the Resource is less than 50m from surface - open pit.
    All in costs only $US546 per oz
    63,000 ozs per year for 8 years
    Revenue less costs therefore at $1200 = $41 million per year or $328 million all up and less $88 million capex = $240 million - nearly 10 times the current market cap.
 
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Currently unlisted public company.

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