Chalice Gold Mines

Discussion in 'Stocks & Derivatives' started by finicky, Jul 17, 2018.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I think I will. At least it'll make my wife happy. I'll keep an eye on a reversal in the $4.60 - $5.30 range for a possible buy back in.

    [​IMG]
     
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  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Any early thoughts on this?

    0.50c/share, it was their gold exploration tenements in Vic that originally put CHN on my books. Prospectus is out as well as a 27 page power point presentation and a webinar to be hosted this Thursday.

    https://chalicemining.com/falcondemerger
     
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  5. nickybaby

    nickybaby Active Member Silver Stacker

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    hit a high of 8.95 a little while ago. I suspect this will go some once state forest drilling is granted.


    Edited to add: My super fund has a SMSF option that I have stuck a few of these into a while ago. They phoned me last week to express pessimism about this stock and asked if I really wanted them or should I do the sensible thing and sell them. I'm not sure of the best way to respond to them.
     
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  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    By telling them you're going to move your funds to another provider? :p
     
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  7. nickybaby

    nickybaby Active Member Silver Stacker

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    This is just the gift that keeps on giving. Should I sell the Falcon shares when they demerge?
     
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  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I’m going to buy some more at 50c, which means that with the freebies I think they’ll cost me 25c. It was their gold leases that piqued my interest in the first place.

    Edit to add: actually 18c if my maths is correct, which coincidentally is what I paid for the Chalice shares. Lol
     
    Last edited: Nov 11, 2021
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  9. nickybaby

    nickybaby Active Member Silver Stacker

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    i havent done my homework. We are entitle to 1 : 3.025 and then we can buy?
     
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yep, receive that and you are also entitled to buy on 1:5.882 ratio. So if you say for example you have 300 shares in CHN, you'll receive 100 shares for nothing (1:3) and you can buy 50 (1:6) at 0.50c ea. Which means you'll end up with 150 @ 16.7c ea on average.
     
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  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    From today's Ann:

    And new mineralisation.

    Dorsch must have the happiest wife in all of Australia. :D

    chalice-mining-ceo-alex-dorsch-joins-d12124
     
  12. nickybaby

    nickybaby Active Member Silver Stacker

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    Approval today for a quick peek under the skirt in the state forest.

    If they hit similar mineralization to what they already have then $30/$40 is the rough estimate. ( based on harthog being 3 times the size of Julimar). I f its the feeder pipe then $50 plus ( that would make this a Russian sized deposit).

    If they hit a dud then back to $5-$6.

    Please be a feeder pipe.
     
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  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    @nickybaby, your last price prediction of circa $10 was very accurate, do you mind if I ask how you arrived at that price and how you arrive at a $40-$50 PPS should selling an and assays confirm a feeder pipe?
     
  14. nickybaby

    nickybaby Active Member Silver Stacker

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    Hi,

    my valuation was based on a few things. I will try and be succinct here. If its a feeder pipe and the metals have all been oxidesed/ reduced with sulphur it effectively creates a metal sulphide wall underground. So if its a feeder pipe it created a monumental amount of ore. ( look at Voisey bay canada or norilsk Russia). This then creates a lot of Ni, Co , Pd ,( to a lesser extent Au) which seem to be all of which are fairly expensive green metals. Even a fraction of 6km at feeder pipe levels puts the value of ore in the ground well north of 500 billion dollars.
    A rough guide I go by is a speccy mining company is worth 5 % of in ground ore value ( that's a MC of 25 billion). Then you have to take into account that not all of it can be mined in 1 go and that ore would be mined over 30 odd years. Tomorrows potential dollars are not worth as much as todays ect so i half the MC to about 12.5 billion. Current MC is 3.3 billion that's about 4 x our current share price.

    But the great thing about this discovery is that its 90 KM form a major city. And an Australian city at that. We have little corruption, and exceptional infrastructure already in place. Imagine this being found in some tin pot dictatorship. The Major Palladium suppliers are Russia and South Africa so thats also a plus on our side. Another plus is the shallow nature of the deposit.
    Lastly I looked at the technical charts as well. I'm a pragmatist and value a company on both technical and fundamentals. If you look at the trading patterns over the last few months this gets smacked down relentlessly yet always seems to bounce back up. I suspect that the market hasn't fully realised just what potential is down their. 30 year mine life at 4 billion a year with a small AISC yes please.

    down side is its on a state forrest. Expect some resistance from the green political movement.

    The top end of my calculations would be $100 a share. ( a Market cap of 35 billion). but i would liken the odds of that to walking into a casino hitting a royal flush on your first hand whilst simultaneously sitting next to a super model and getting her phone number, whilst the valet mistakenly gives you bonds DB9 on the way out.

    But this all depends on hitting the right mineralisation. so it is risky.
     
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  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Great stuff @nickybaby.

    And I take your point about supermodels, I’ve never hit the jackpot there.
     
  16. nickybaby

    nickybaby Active Member Silver Stacker

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    I also cannot calculate Macro economic factors ( such as Covid melting down the world economies, war or other factors such as technologies not needing Ni or Pd and the price crashing). But I still think this is a solid investment.

    I see it got hammered today on open but only 800k shares traded. down on small volume that's normally good I believe.
     
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  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Did you end up buying extra Falcon shares @nickybaby? They’re up to 75c each now. Taking freebies into account they ended up costing me 17c each.

    Tim Goyder is the main shareholder I see.
     
  18. nickybaby

    nickybaby Active Member Silver Stacker

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    Sorry for the delay in replying. I have two holdings 1 in my comm sec account and one in my smsf. I sold the comm sec ones ( at about 67 cents I almost pulled the triggger at 35 cents but got sidetracked and reinvested into CHN. I bought extra in my SMSF and will hold them. I see they commenced drilling today. heres hoping for a 32 g/t hit.
     
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  19. nickybaby

    nickybaby Active Member Silver Stacker

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    Absolute carnage in the markets and CHN got smacked down hard. I’m hoping it’s a market wide correction with ghitters over Russia/omicron and China housing hitting hard.

    so much so I had buy orders in at 8:10, 7:90 both got smashed. If this hits sub 7 dollars I will move a lot more in. Gotta have the courage of my convictions. What’s that saying about blood in the streets.
     
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  20. nickybaby

    nickybaby Active Member Silver Stacker

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    smashed into a solid buy range for me. Didn't run up on a massive hike in Palladium but got smacked down hard on Palladium falling off a cliff.

    i predict a bounce soon.
     
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