CNB 4.88% 39.0¢ carnaby resources limited

Ann: Quarterly Activities Report & Appendix 5B, page-5

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  1. 19,172 Posts.
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    Stylonnn.

    Naturally the drill bit and assays will provide the ultimate info, but as for share price, I think its really important we all stay focused on our market cap.

    At the moment, with $4,000,000 cash in the bank, we have a paltry EV of just $9 mill.

    If the lab does throw up good results, with the frighteningly restricted amount of tradable shares on issue, this could be one of those stocks that "10 bag" pretty bloody quickly.
 
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