Chesapeake Gold Corp V.CKG

Potential

[HuberPeter]

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