Maybe Turkey's political situation atm is holding punters back?
C&P from presso - AISC of US$580/oz • Life of Mine C1 cash cost of US$415/oz Au, benefitting from proven low cost structures in Turkey. • Life of mine average head grade of 2.55 g/t Au, and 1.88 g/t Ag, with metallurgical recoveries of approximately 90% Au and 80% Ag • Further improvement possible: – Increase in annual production rate to 80-100k oz pa – Optimisation of mine plan for early accessing of near-surface high grade zones – Investigation of staged startup scenarios to reduce initial capex – Turkish sourcing of large capital items – Investigation of contract mining
CHZ Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held