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It’s a fair point Shandy,
I think the labs are all over the shot at the moment. I figured they just haven’t analysed the Cu or they are waiting for better results. It may be because of the significant gold and delays in announcements so far they have decided to put something out there...
“ Follow up analytical work is currently being carried out by the technical team to determine vectors for concentrated centres of copper-zinc but also additional gold-silver mineralisation.”
Trek
has CHF given up on looking for Copper in Cyprus now? I though the Island was one huge copper deposit, hence why a FTSE 100 company got on board. Clearly gold is good but i always thought that was the by product.
Back in, my buy is showing as a sell £7455
It’s a cracking RNS BTC.
If you use a rule of thumb of less than 300m and more than 100m thick for commercial open pit mine this looks like a huge beat with ‘ 220m by 300m in area, and open on three sides’. Especially as they orientate and are hitting high zone grades.
Muted reaction from the market. I doubt folk get it yet!
Tuck these babies away with confidence now. shhh!
Lol
Usual caveats
Trek
Some maths for you:
220m x 300m x20m x 2.7 SG = 3.564Mt
Average Grade say 1.75g/t Au (higher than the gm average for table 1 in the RNS which is 20.2gm)
That gives 200,546 Oz at 1.75g/t Au
That is below underground mining cut-off grades and most intersections starting from c.100m depth and that is not really open-pittable for a small resource as too deep already but depending on the terrain in Cyprus. Not jumping in yet bitcoin buyer.
What is controlling the high-grade and can that be targeted?
https://twitter.com/ChesterfieldPlc/status/1467758307309981699?s=20
Great news......
Chesterfield drills high-grade gold-silver intercepts in Cyprus
establishing the discovery of a significant mineralised system
Open at 3 sides and dipping 220 m x 300 m ,,,,decline looking very good....Copper sulphides.....
Great update ....Good grades and by the sounds of it a very large system ....
ATB
I had a brief look at RMM. Was a plug on WSBN bb.
I noted their Labrador copper grades. Very impressive. Will look on the map, but as always nearness doesn’t always = similarity but I did have a quick compare of their corporate structure to CHF. CHF is imo far superior on debt, seed investors, shares in issue bla bla. Obviously it’s the drill that does the talking but corporate structure is a key element imo.
https://www.lse.co.uk/rns/RMM/rambler-continues-to-intersect-high-grade-copper-cv7vyhpvmso4zdb.html
Usual caveats
Trek
I just grabbed 20k at 10.45. There are only 10k left to buy. I didn’t grab them as it would have been untidy, lol! Anyways once that last 10k has gone it’s NT all day!
Usual caveats
Trek
It would be great if CHF set out an exciting plan of action for 2022, with some concrete details, and give us something to look forward to.
I think so Legal I think we will see 12p plus b4 Xmas......
ATB
I think we will get incoming next week. Price has held up well here in recent weeks, which imo bodes well and shows a level of expectancy around the coming newsflow.
I do expect so B....and we have immanent news...assays and a Targets@ Labrador.....
Maybe a red dot awaiting 7am tomorrow morning.
ATB
Looks like shares are all but gone, could the old 100 code be a sign that MMs are running low?
Oh no....desty is back....oh sorry, I meant resty...haha... your like the weather my friend...dark clouds on the horizon. Oh well, good to have a laugh
& continued to drill as at 28 Oct, "following an encouraging Mineralised area" At least 2 RNS's to cover what been found.
Yes Legal. The last interview stated they had some assays back and the recent tweet stated the assays labs are getting back to normal...
so after seeing those cores..... really looking forward to assay confirmation of what CHF have..
Then Canada... Target , and maybe drill update ?
News still incoming by next week do we think?
Technical advice from our strategic partner Poly Metal International....
Love that name drop...... Maaaaaaajor .......:))))
https://twitter.com/ChesterfieldPlc/status/1463410735804002309?s=20
Even Bitcoin can see there is gold in them there hills....partner.... :)
I can see copper too..... the ye ole tide log jam coming to an end.....
All that glitter.... all that https://youtu.be/LSRNBYMvayU
From listening to MF in recent interviews and reading the companies tweets, I think they are definitely gearing up towards a maiden drilling programme for Labrador. They are also looking at a secondary listing and a particular form of "flow" fund raise in Canada (which are usually done at a premium to the share price). I would imagine all this will be tied together and the order of these events will be revealed in the coming weeks.
Canada - after finding where to drill (don't think we're there yet) and arranging and agreeing finance and getting an exploitation permit (say 4 yrs) it will take 4-12 yrs to set up a new producing new copper mine. Watch this space.
Not sure what to expect from Labrador. Maybe that targets have been identified and further survey work is planned. But am I right in thinking that winter is the best time to drill in Canada, when the ground is frozen hard and can support the apparatus?
Thanks BCB - yes that's right. I hope we get to hear about Canada as well.