CNB 0.00% 38.0¢ carnaby resources limited

Ann: Strelley Gold Corridor Extended To Over 4KM Strike, page-13

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  1. 2,590 Posts.
    lightbulb Created with Sketch. 1135
    This now becomes a punt on finding something bigger, attached or feeding what they've found so far (and pending more results from some holes too). I see these results as not fantastic grades, but the story here becomes what scent it gives the geos to chase what else might be there.

    The question then becomes about belief / risk / reward. If they find something outside here, it's up to you how many times the current market cap this baby could go. And that's without the copper.

    I particularly like this bit

    https://hotcopper.com.au/data/attachments/3730/3730363-8b3ada21ecddfcec57e0c1548ba09400.jpg


    Wide historical drilling in the vicinity of our gold finds, where they had found hints of gold previously but not drilled any further at depth. Hemi shows that you need to get below the surface before you see anything. If Rob's saying that the geology looks the same, I'm interested and I'm happy to keep my money here for longer.

    Also some teasing gold in the bottom of hole in Bastion.... what lies beneath? @Wack I know you like gold at the bottom of a drill hole.

    Still veerrrrryy early days - need to strike gold, literally, but likely a good few months of drilling ahead to figure this geology out.
 
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