I like that CHN has bought Victorian tenements. All the local explorers have had higher caps since KLA's fosterville mine just east of Bendigo hit 1000+g/t gold.
Catalyst CYL has reached $90m cap on showing gold in their tenements north of Bendigo, CHN is in very similar territory nearby. Staveley has a cap around $40m, NML around $30m, NAG around $100m+ albeit on showing some big anomalies, while none of these have almost any cash by comparison.
Cash backing with nil valuation of their tenements in share price: there is a pretty good opportunity for it to go up with any half decent results whatsoever.
The Issue with CHN, page-17
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Last
$1.39 |
Change
0.060(4.51%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.44 | $1.33 | $4.675M | 3.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80248 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 9275 | 2 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
