CHN 6.31% $1.69 chalice mining limited

Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-19

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    Considering this is touted as such a spectacular discovery at first glance it seems quite underwhelming:

    - high commodity price assumptions
    - NPV 6.5% (what the?)
    - 15Mt case NPV A$2.8B so market cap already trading at 70%
    - lots of ‘green metal’ fluff
    - aftermarket release

    Just a glance mind you, but seems fully baked considering it’s at Scoping stage. Whenever studies are repeatedly delayed I am very wary…
 
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