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Chesapeake Gold Corp V.CKG

Alternate Symbol(s):  CHPGF

Chesapeake Gold Corp. is a Canada-based mineral exploration and development company. The Company is focused on the discovery, acquisition, and development of gold-silver deposits in North and South America. Its primary asset is the Metates project (Metates) located in Durango State, Mexico. The Metates property is comprised of approximately 12 mineral concessions totaling approximately 4,261 hectares in area. It also has a portfolio of exploration properties in Mexico comprising approximately 6,306 hectares in the states of Durango, Oaxaca, and Veracruz. The Company owns approximately 68% of Gunpoint Exploration Ltd., which owns the Talapoosa gold project in Nevada and the El Escorpion project in Guatemala. Talapoosa is a low-sulphidation gold/silver property located in the Walker Lane gold trend of western Nevada, approximately 45 kilometers east of Reno. It consists of 535 unpatented lode mining claims and seven additional fee land sections which cover approximately 10,780 ha.


TSXV:CKG - Post by User

Post by HuberPeteron Aug 02, 2021 1:17am
325 Views
Post# 33639289

Potential

Potential

First and foremost, Chesa is corporate play for me. But the story is seldom 'more important' than the EM price. If panga manages the recovery, it will be a success story.

I don't see the Pog prices below 1500. And this is where a Major Chesa buys when the alkaline process works. Not my preferred case but conceivable. The leverage to the precious metal prices are especially for the tdp expansions for the lower grades. At 1800 usd LT I see a 10 + digger here. After a successful ramp up of stage1 I expect an MC of about 1.2b usd; at 120m usd dilution this would result in a 4 bagger in the medium time window (5 years). 
Further potential LT again factor 4. 


Precious metal prices:
Of course, I'm bullish. In a short time frame, gold and especially the miners have completed the consolidation. Junior market dried up like never before. See buying opportunities across the board.

LT I see POG over 2000 and Silver over 30. That is my minimum case. The arguments are obvious. Real interest rates have never been as negative as they are now; National debt has never been so high; interest rates are never been frozen than now.

peter 

 

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