RE: Yesterdays Gain There was some strong bidding positions today but they got hit right away, another one of those dumping days, all the contrary of monday. Don't panic Jpast, that doesnt worry me a bit about CHM. The last press release was very interesting, read it carefuly. Beside hitting incredible intersections (601 m at 40.5% Fe), if you click at the pdf at the bottom of the pr, you can see two pictures. If you magnify them, you can see at the left of them that there is a line defining the actual projected open pit and another one lower that defines the mine-life pit, this is the re-definition of the open pit size, and with the latest drill results, it is quite larger and deeper... ! That tells us alot of what is lying ahead in Fire Lake North's potential, it is getting much bigger than Bloom Lake and we are not talking about the Oil Can Lake back up reserve, this 43-101 should be pleasantly surprising !
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Speaking of Bloom Lake, Richard Quesnel was acquitted (thanks clmclm). This is big news for CHM. Now Mr Quesnel can leave the advisor status and become officially part of CHM. Lets not forget he, Mr Depatie and Mr Duchesne are former CLMers and they've been there and done that in developing an iron property into a mine ... !!! They would'nt be here if they didn't believe strongly in CHM's great potential.
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The PFS for Fire Lake North is suppose to come out I think around the end of the 3rd quarter, sometime around there. I believe this will be a key moment in CHM's history. I am pretty sure there are some "ravens" flying high around CHM that are waiting to see it and they might really like what they see ... ! Then, we never know, a takeover might happen !!!
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JMHO and GLTA