CNB 4.55% 52.5¢ carnaby resources limited

Ann: Application for quotation of securities - CNB, page-36

  1. 1,573 Posts.
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    I know it’s a very general recipe but if we take your average of the companies current value $2.25 then add:

    expanded resource since the MRE
    increased scope from from acquiring HMX land
    copper prices at an all time high and climbing
    scoping study around the corner

    and add a sprinkle of unknown potential upside from
    current drilling activities delayed by extended wet season
    possible hits at Rio JV
    unknown potential support from government visits
    relatively tight and small register
    and anything else Rob has up his sleeve (which he has a knack of doing)

    then that has to equate to us being fairly undervalued at 80 cents…?


 
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