CNJ 0.00% 0.1¢ conico ltd

options still being taken up?, page-26

  1. 9,951 Posts.
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    Hi lowkey,

    I think the weather will determine when the drilling seasons ends.

    In this regard, I am a little worried that a lot of investors will sell out after the current drilling program has ended and after all of the assays have all been received. Basically, CNJ will not be able to do very much between then and May next year when they recommence drilling. Therefore, I strongly doubt that investors will have the patience required to just sit on their hands for up to 6 months.

    Having said this, this 6 months break would theoretically give CNJ plenty of time to negotiate a JV deal with a major miner, who could then take over the drilling from May next year onwards.

    Cheers.


 
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