Ann: Acquisition of HighGrade Copper Exploration Project in Chile, page-33

MAN’s project has an intercept twice the thickness, of higher grade, and at almost half the depth of Carnaby’s.
Carnaby Resources is currently trading at $1.36 with a $194M market cap.
Prior to today’s acquisition, MAN was capped at $22M, with $16.2M in cash.
That historical intercept, coupled with the source of mineralisation being unknown (due to a lack of modern exploration techniques and ~80% of historic drilling limited to depths of only 140m), has us suspect that MAN’s project has the potential to host a copper deposit of serious value, especially when we consider what else is in the region.