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.
CHZ Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held