I've looked at Chalice and they have potential if their drilling next to Tandarra works out but the basement falls away quickly on the West side of Tandarra (thats one of the huge positives for our lease) and it means that CHN will have to do a lot of deeper DD to get results. Alternately, Tandarra MAY turn into a early years Fosterville (and Four Eagles / CYL to the Nth) lookalike (one or more likely several open cut mines) except the grades are much much higher. The multi billion dollar question though is do we have the repeat reefs underneath? CYL and NML need to be taken out and a major deep drill program initiated to resolve this (IMO). Am hoping the business development guys at KLA will do it, it would be only a relatively minor cost (in the scheme of the Fosterville bonanza) and unlike many in the mix at the moment, Eric and his crew make things happen.
It would also serve to give KLA even more long term resources and underwrite their climb in >USD$100 per share territory. DYOR.
NML Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held