CNB Summary and Why Its So Undervalued, page-2703

@Alijini

You are correct, however there are a couple of points I'd like to make :-

• Firstly, we were advised on 16th November'20 that the initial aircore drill program had commenced in the Mallina Basin and with the labs currently taking some 6 weeks to turnaround assay results, due to the heavy demand, then even if the geo's bagged up samples for the first 5 to 10 holes within 2 weeks of commencement and had them transported from Strelley to Port Hedland and then on to Perth - some 1,700kms away - it would be around mid December before any initial results would be to hand - 2 weeks away

• Secondly, if results for the first 5 to 10 holes came to hand (good or bad) it would not really provide a true representation of what may lies in the total area being drilled - remember these initial holes are being drilled either 320m or 640m apart and would represent only a tiny proportion of the total number to be drilled so we would need to wait until a decent percentage of the drill program has been completed and the results assessed.

• In addition, we were advised drilling at Tick Hill was to commence during mid November'20 and again the same would apply for that program as for the Mallina Basin

Nothing has changed - we have areas to drill in the sizeable Mallina Basin where DeGrey have found a very large gold deposit and also at Tick Hill which was one of Australia's highest grade gold mines ... not forgetting about the high grade copper ore that is present at Tick Hill as well ... that will be drilled later ... any of which could be a very large Company maker and substantially increase our market cap which currently is a paltry $41m.

Patience required - whilst there have been some big movements in the share price I don't think this is for the day traders who are showing some frustration.

GLTA