CAP carpentaria resources ltd

on schedule, page-10

  1. 56,886 Posts.
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    I think you need to note the share price Lefevre.

    They don't have a 20mt per annum operation - only a conceptual target (assuming a whopping 42 - 46km strike and 200m depth).

    Sheard stated he would begin 10,000m drilling in mid May - they are not going to JORC much with 10,000m via the BRR on the 23/04.

    However, this has been reduced to 5000m as per 15/06.

    Then on the 28/06, CAP states it will be only 4000m! It's going to take many years to explore with their rigs and very costly.

    stja - IMO, their other projects aren't worth much at all. CAP is all about the BMG JV. All I am saying is don't get too excited and I hope for shareholders that you get a good potential offer.
 
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