maybe mnb is a better bet than cnl. some of their grades look much better than cnls grades. they are also looking at potash. dso is an acronym that pops up more than once.
cnl 30, mnb 28 .... why?
while the grades and strip ratio looked a bit rubbish, they still seem to think that they can mine this stuff.
for cnl to mine the stuff, cnl needs to do a bit more drilling to prove it up and it needs to be better than it is now.
in my opinion, dont even think of a takeover. also management seem to be keen on pushing this through to the end.
for cnl to be a takeover target, cnl needs to do more than a bit more drilling and it has to be good.
at all times the grade was higher than the cutoff. strip ratio seems to be the killer so far.
i hope i havnt posted complete rubbish.
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