CNB 9.09% 54.0¢ carnaby resources limited

Fantastic cobalt results, page-5

  1. 6,951 Posts.
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    sorry did not realize I posted this in the stupid thread​


    seems exceptionally cheap here compared to its cobalt peers, with a MC of only 11.4 million and around 5 million cash the EV is only 6.4 million, there is shells with a higher valuation lol.​


    I will watch closely for the results and take entry on any decent results here, I may miss the boat however using this strategy, I think even though its very cheap as it is, on bad results it may drop a little more as the market likes to overreact, and i will be happy to buy given the large scope of land area, cash balance and additional drilling targets that can be done.​


    in my mind its not a question of if there is cobalt but just how much is there.​
 
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