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Ann: Greater Duchess Update - Booming IP Anomaly at Mount Hope, page-185

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GeoFiji

1,070 Posts.

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20/07/22

15:06

Post #: 62632105
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Originally posted by rocketeer: ↑

Benji - It's too early to say who has the lion's share of the Mt Hope anomaly / prospect and what it is. It is looking very promising however.
CNB grabbed a 1,000 by 500 metre Mining Lease that cost $2 million. $1million in cash and $1 million in shares. Now the Hammer fellas have a pretty good heads up and the IOCG corridor theory is gaining more momentum. A 50/50 JV over the Mt Hope area would seem to be on the table if the drilling shows the results we are all hoping for. Neither of the them will be able to extract a deposit of scale at depth if this anomaly is anything like the EHM deposit (or one that was prepared earlier if you like).

Open cut mines can't go down vertically so depending on what they both may find some sort of deal over this area would seem to be in the crystal ball. If this thing is across both CNB and HMX's ground it's a good thing for both companies. Scale will be of interest to OZL.

We wait for the drill bit to spin out the truth. The story from both sides of the fence is better than backyard cricket for a 10 year old and if things unfold nicely it will be over the fence and out.

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So will Carnaby launch an all scrip bid for Hammer or will OZL or Sumitomo gobble them both up?

CNB Price at posting: $1.10 Sentiment: Buy Disclosure: Held
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