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From the Half-year report: "The goal is to find a new area of business activity that will generate significant shareholder value in the near term and to announce a new direction in Chesterfield's development by the end of 2023. ".
I wonder if we will hear anything before the end of 2023?
Bought a few here earlier in the week,Juniper International buying in interests me.UAE companies keen to diversify into battery metals/renewables space and plenty of cash to splash. Looking forward to better market sentiment in 2024 coupled with positive newsflow here. GLA.
NT to buy for any real size.
Won’t be getting mine for a while
The mm's want your shares atm.....maybe they have an order,being filled
Moves quickly - must be limited free float of shares
Might be blue....in a mo
Value will eventually play out here & in a big way for those positioned at these levels.
Our nearest peer comparison with very similar assets and capital structure is probably AYM who are valued ag 10 x times the market cap here.
Like CHF, They have a polymetallic deposit.
There's is at parys mountain, and Chesterfield's polymetallic deposits at the westline trend are shaping up to be a series of large VMS style deposits right across a 12km trend with much higher instances of gold contained within our licence area
AYM also have exposure to a Canadian iron resource in Labrador, whereas CHF have both exposure to the massive 44km Adeline project and Sail Pond projects all free carried for holders here
Again similar, it looks like AYM have replaced their former 20% Cornerstone investor and we have done similar with our new UAE based investment fund.
I'm far more excited by the potential of the assets here at Chesterfield but even more excited by the valuation gap that needs to close to some of our nearest peers which is at multiples of today's SP
GLA.
I think we are looking at a nice steady re rate here over the next few weeks
@Jezza
There is an interesting connection here with the geologists from Camborne School of Mines who were / are part of the exploration team in Cyprus.
Juniper International FZ LLC as mining and renewable energy investment fund may already have a resource asset (or a number of resources/ mining assets) that they are ready to take public via CHF
Can't add any chunky buys without it going to NT.
Thanks PP brilliant information
I also believe that we are looking at going in a new direction with our new cornerstone investor - maybe renewables?
Two videos that provide a decent overview of the Adeline and Sail Pond projects.
It looks clear that the focus will be on bringing in a commercial discovery at Adeline.
https://youtu.be/C7_RJU3niAc?si=ug1HrgxDRZaLRQe1
Since this first video was made the copper price has started to move up with it spiking at the end of last week on the supply constraint news.
2nd video provides a deeper dive more detailed / technical overview.
https://youtu.be/LKctK04VPAI?si=uQ1e0r9asRoJatpq
From 11mins in, it describes the Adeline systems as an Anolog of the UDOKAN project in Russia which when the mine there is built it will be the third largest Copper mine in the world with nearly 3 Billion tonnes at 0.97% Cu and 11.9g/tn Ag.
At Adaline there is already over 250 showings of copper right along the full length of the 44km basin.
The sheer size of the project makes this a potential world class Tier 1 District scale discovery in fhe making.
They are going to have to do alot more sampling, testing, mapping and drilling to get this proven up, and it sounds like they will be back out in the field in January and the focus will be here collecting more data to start to get areas off the project proven up.
Due to the sheer size, sterling are affectively acting as the project generator on this.
If they start to gets some nice hits then its should really start to attract the attention of the super majors to take it onto the next level.
" This has the potential to put Canada back on fhe map as a top 10 copper producer on its own"
From this way oversold share price the potential upside from a success case is phenomenal.
These are the types of micro cap juniors that you rarely see the market notice until they have already 10 x bagged for those investors in on the lows.
Then folk start looking in, and then they 10 x bag again.
For me, from this level, with a new Cornerstone investor coming in and a nice spread of assets with genuinely world class potential its got huge potential to deliver some incredible gains for shareholders.
GLA.
Excellent PP. Thank you, very interesting. Look forward to further updates. Big holder here from the early days of Martin French.
Thanks Portfoliopower, Excellent information
Still amazed this continues to fly under the radar
@Hartford
Thanks.
These are my brief research notes as someone asked the question about what assets CHF had on their balance sheet at present.
I thought it would be a good starting point to refer to for anyone looking in and wanting a quick 'snapshot' of the assets and license areas as things stand.
I will add to it further over the weekend at some stage.
Thanks for posting PP. Who has published this Research Note? I can't see anything on ResearchTree.
Pt- 3 Cornerstone Inveatment and Joint ventures
Ref RNS 25 Sep 2023
The Board is pleased to announce the appointment of Mr Kashif Afzal as a non-executive director. These changes have occurred following the pending sale of Chesterfield shares by Polymetal, which have been representated by Mr Vrublevskiy on the Board, to Juniper International FZ LLC, a private investment holding and advisory company with a particular focus on mining and renewable energy that is based in the UAE. The final completion of the sale of the shares by Polymetal remains subject to certain regulatory considerations and it is expected that formal notification will be issued upon completion of the remaining formalities.
Mr Afzal, is a British businessman based in the UAE, and a graduate of Oxford University and the professional programme at the Camborne School of Mines. In addition to Juniper International FZ LLC, Mr Afzal is an advisor to a number of institutional and family office investors and a Director of Blockbase Asia and Bosonic Energy. He will be a welcome addition to the Board of Chesterfield as his experience and network in the UAE will assist in the identification and financing of additional opportunities for the company
> Summary
It appeara that Chesterfield is about to pivot through a clear inflection point of new investment and strategic change & growth as they look to progress their existing prospective licences and potential new opportunities with a new Cornerstone investor coming onboard, with links to a number of institutional and family office investors
Having a UAE fund come in as a significant shareholder 17.7% alongside Altius Minerals 7.7% tightens up the capital structure and strengthens the board.
With the prospects of further capital investment the present share price looks a very compelling prospect
From such a low base and near term transformational developments anticipated, the Share price could be expected to react extremely positively as the market digests the strategic chamges taking place at present.
A material re rate of the share price to bring CHF valuation more broadly inline with sector peers operating in the £5m-£10m junior exploration market cap space would not be un-expected in my opinion.
Am invested. Potential at the current mcap is huge.
Pt - 2 Canada
Chesterfield's set of licences at Adeline in Labrador have been recently optioned to Sterling Metals (SAG.V), a listed Canadian explorer, in exchange for cash and 4.5million shares
A further payment of CAD$400,000 and the second tranche of 4.5m shares is due ro be payable by 30 November 2024 or before which provides CHF with a free carry on the Adeline project and full exposure to any exploration upside without any costs
CHF will then own 9million shares in Sterling, giving Chesterfield shareholders a stake both in the upside of the Adeline property and Sterling's 100% owned high grade, district scale, Sail Pond silver-polymetallic property
Sterling will be exploring two sets of highly prospective licences in eastern Canada, Adeline, and Sail Pond. Having successfully raised in April a total CAD$6.476m (£3.8m) through equity fundraisings,
> Summary
Chesterfiels's shareholders will continue to enjoy the benefits of any exploration success at Adeline, whilst not needing to raise capital to do so and also diversifying risk with the added exposure to Sail Pond.
Pt - 1
Cyprus Gold, Copper and Polymetallic land holdings
Neighbouring Venus Metals are undertaking exploration activities on the adjacent licences and are operating with a market cap of $21m AUD
CHF holds significant gold-rich and polymetallic mineralisation licences in Cyprus across several Main targets across a 12km geological trend that is now considered key to controlling several mineralised systems, with the potential for further discoveries along the structure. The "Westline Trend"
Crucially, mineralisation remains open in all directions
Chesterfield's land holdings have revealed a number of discovery holes drilled in the past two years across proven mineral rich ground upon which further drilling can be now undertaken to expand the known areas of mineralisation and potential resource model.
Highlights of assay results from Orchard include:
- 24.05m @ 1.69g/t Au, 5.85g/t Ag, 0.11% Cu, 1.48% Zn and 1.73% CuEq1
Highlights of Assay Results from Westline include:
21.40m @ 1.75g/t Au, 19.97g/t Ag, 0.08% Cu, 0.40% Zn and 1.73% CuEq1
· Highlights of assay results from Evlim include:
- 21.90m @ 1.60g/t Au, incl. 2.40m @ 5.41g/t Au
· Highlights of Assay Results from Evlim South:
- 14.00m @ 1.12g/t Au & 10.35g/t Ag
- 12.85m @ 0.84g/t Au & 5.07g/t Ag
-Highlights of Assay Results from Evloimeni:
- 29.80m @ 1.10g/t Au, & 2.75g/t Ag, 0.28%Cu, 0.97%zn
·
:Cyprus has been identified as having its part to play in fhe EU's Critical Minerals Bill passed in 2022
As a country with significant copper/gold reserves, Cyprus can also benefit from the EU's Critical Minerals Bill.
> Summary
Based on peer analysis and inital discovery drilling completed so far Chesterfield's highly prospective licences clearly demonstrate the ability to host multiple large mineralised Gold & polymetallic systems providing significant Valuation upside potential.
Only 3 small purchases today and 10% up - just shows how this can move!
Can’t be much longer to wait
Yes certainly many multiples of current market cap.
Great stuff - should act as a catalyst. Got to be worth multiples of current value given main market, no debt and new direction with new investor
Investment followed by equity raise