It’s a big week for all the investors, bankers and potential suitors who have kept an eye on breakout nickel explorer Chalice Mining, which is due to push out its mooted resource update and smoothed the path for M&A.
It’s a big week for all the investors, bankers and potential suitors who have kept an eye on breakout nickel explorer Chalice Mining, which is due to push out its mooted resource update and smoothed the path for MChalice established itself as one of the hottest prospects in Australian resources, when its Gonneville staked claim to having the world’s largest nickel sulphide discoveries and Australia’s largest platinum group elements discovery.
There isn’t understood to be an official process yet, which is understandable given the expected resource update and the scoping study. Market sources were betting on a “strategic review” or something similar to be slunk into the announcement – beyond the already known Gonneville search. Macquarie Capital is close to the company, and was onThat’s because investors know that despite its $2.3 billion market capitalisation and juicy numbers, it is not known for development nous.