CAP 6.00% 9.4¢ carpentaria resources ltd

are you ready for a run?, page-18

  1. 34,339 Posts.
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    According to last announcement, Conglin Yue bought another 2m CAP at an average of 57.5 cents.
    I am happy to top up at current level as he and his friends would buy more.
    Current market cap is ONLY $32m based on a close price of 47.5 cents.
    Within 3 months, CAP will have around $23m cash at bank!!!
    Another $68m cash to come!!!
    Although overall market will lose ground today, CAP may be in green.

    The following info extracted from last company presentation:
    Stage 1 :
    Cash to CAP $5.0m(Incl non refundable paid$1.0m)
    Exploration funding $8.0m
    Stage 2 :
    Cash to CAP $25.0m
    Stage 3 :
    Feasibility Study costs ~$20.0m
    On completion cash to CAP $23.0m
    CAP has free carried to production of 20mtpa
 
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