So anyway, I have had my eye on Chalice for a fair while now, as...

So anyway, I have had my eye on Chalice for a fair while now, as I was aware of the price chart and I knew this was a good company. I was aware that they had sorted this stuff out with ENAMCO and they had had a recent share placement to raise some funds.

I was aware that the share price has been plumbing the dark depths and that yesterday was an up day and also around lunch time I saw that today was an up day also. So I thought, right i've gotta take a closer look at this again. Please do, or I might miss an opportunity.

So what have we.

250m shares at 32c (my buy + the closing price) = 80m
Cash - 34m due from Enamco + cash on hand 10m after capital raising
Enterprise Value - 36m (80m - 44m, the 34m is coming)

Likely production figures - 104k at US$338 will generate 110m at US$1400 gold price.
Chalice share 60% = 66m minus other expenses on top of the 'cash costs' of mining.

Not bad figures ! Of course we also have some Option shares to consider + a production plant to be built in which we would already have some of the cash needed on hand, and I would imagine ENAMCO will also fork out 1/3 of costs for that.
We also have very good prospective tenements and high grade open pit gold.

Looking pretty good by my crude calculations.

On a different note. Geez that market depth is stacked on the buy side and thin on the sell side atm :)