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Strong Focus on Gold and Nickel in the Northern Ontario Exploration Belt
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Golden Chalice Resources > Message
Pile-of-money

Annual Report?

Posted by: MickeyNickel on May 12, 2008 09:23PM

In response to: tonage and grade by davisbay

I agree, it would be nice to have some further information and detail to bolster the strength of this latest move. Hoping the Annual Report starts to fill in the gaps. Anyone have an idea when we might see it? Last year's report is dated April 30th. Although I remember the day this stock woke up on May 16th last year, I can't seem to recall when the Annual Report was posted. We need 1) good news, 2) detail, and 3) exposure if we are to get back to the 52 week highs (and beyond!). With nickel shortages forecast worldwide, the time is right to leverage the potential here. I had hoped the Shareholders Rights Proposals were establishing a theoretical floor from which we would not drop, but no such luck. At a Market Cap of <$100 Million I'm surprised this baby hasn't been snatched up by one of the big boys. Can any of the "experts" out there even begin to estimate the value of the known finds thus far? Seems like a simple calculation to determine the future stock price from there. For example, if there's x-amount of ore in the ground, at current or future prices, subtract the costs to process it, all the other overhead, etc. and what's left should be a ballpark to market cap. If there's $20 Billion in the ground, and it costs $10 Billion to "process" it, divide by ~100 million shares and voila...$100/share. Seriously, any guesses where this can realistically go? I'm in it for the long term.

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