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Does MM still like CHN (Chalice Mining) after its correction?

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Does MM still like CHN (Chalice Mining) after its correction?

Hi James & Team, On 29/3/22 - MM view on CHN - Chalice was to consider accumulating a position around $6.50. CHN has now fallen with all other stocks around $6.30. Can I please have your current view on Chalice - Is this a buying opportunity? Regards

Answer

Hi Debbie,

Chalice Mining (CHN) from a valuation perspective is basically all about its 100% owned world-class Julimar project which is regarded as both the largest nickel sulphide discovery in 20-years and the most significant platinum discovery in Australian history. As you say last month we flagged CHN as an accumulate around $6.50 where it trades today, we see no reason to change this view although we wouldn’t go “all in” straight away.

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Chalice Mining (CHN)
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