CNB 5.95% 39.5¢ carnaby resources limited

Ann: Mount Hope Drill Results 72m @ 4% Cu, page-46

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  1. 34,299 Posts.
    lightbulb Created with Sketch. 1919
    I think it will get taken over , with a 40% premium to the VWAP being needed at the time of the offer.
    An alternative is just Duchess gets bought out by a big player , which gives CNB capital to continue doing low cost exploration per # of copper found compared to the big players -sort of a symbiotic relationship .
 
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