at the next egm 26m shares will be cancelled leaving only 102m on issue. App 86m held by top 50
Initial grades of 12gpt have been sampled and I believe as soon as the Mining Permit is issued (must be very close to being issued) they will sart the tunnelling to get a better understanding of the mine.
Even at $1-00 CNF will only have a market cap of $102m. Do the sums on say 400,000 oz at US$650 with cost of less than US$2200z.
The stock will be $2 plus.
CNF
continental capital limited
