Funded and ready for action for Chesterfield Resources.
“…The shares will turn around. They’re worth a lot more than they are now. If you are drilling for Copper and hit Gold, then thank you very much…”
It cannot sell shares in the company, nor increase its position by more than 1%, for the first three years of the relationship without permission of the company.
The company has enjoyed a very positive relationship with Polymetal, which has visited the site and given useful informal technical advice.
Executive Chairman Martin French says recent results were a pleasant surprise. “They’re a lot better than we thought particularly with all this gold content, so we’re very pleased with that.” It’s the best set of results to come from Cyprus and French is hopeful there’s more to come. The push is now on the Westline Trend, and French says “So far it’s started to yield some excellent results.”
Watch Martin talking about the Cyprus project in this conversation with BrighterIR
Access the 2022 corporate presentation
Chesterfield Resources is one of TMS Reach’s 12 mining companies to follow in 2022
Follow the company on Twitter – @ChesterfieldPlc
The author was remunerated but does not hold shares in the company