CNR IPO a 5 bagger, page-57

Cannon now has a market valuation of around $20m
ASX Ni, Cu, Co, Pt, Pd peers but with no discoveries are valued higher
Fisher East is a high grade nickel sulphide discovery with a JORC
https://www.cannonres.com.au/projects/fisher-east/

.Scoping study on Cannon's Fisher East Fisher East is shown below



https://www.investi.com.au/api/announcements/rxl/3bfcbbea-bad.pdf


Note the cash flow.

But Cannon is now planning to grow the Fisher resource


In June 2017 Rox announced that intersections of nickel sulphide mineralisation at Fisher East (91,500t of high grade nickel) show the deposits are more extensive than has been defined.

The intersection at Musket indicates the nickel mineralisation extends about 170m past the current Resource to at least 600m below surface and the two intersections at Camelwood show the nickel mineralisation there extends to a vertical depth of at least 675m below surface and about 150m past the current Resource boundary. Besides the massive sulphides in each hole, there was also disseminated and matrix sulphides in the Musket hole and blebby and matrix sulphides in hole MFED076W1 at Camelwood.

Cannon has another project at Sabre that has already been shown to have high grade Nickel Sulphide

In Nov 2018 Rox announced that the Sabre Prospect has had three intersections of 1.0 to 2.4% nickel mineralisation over intervals from 2.0 to 4.8m and it contains at least two untested EM conductors, all at relatively moderate depth. Sabre represents a potentially significant addition to the Fisher East Mineral Resource, subject to it being successfully drilled out. An Exploration Target at Sabre of 2.0 – 2.5 Mt at 1.5 - 2.5% Nickel has been identified based on RC and diamond drilling and geophysics (EM).

Cannon has more than $5m in cash and will be intensively exploring its Collurabbie project
Collurabbie
https://www.cannonres.com.au/projects/collurabbie/
Cannon's 123 square km tenement at Collurabbie is the most likely tenement to have a major new nickel, copper and platinum group discovery. Chances of finding a major Ni, Cu, Co, Pt, Pd resource are considered very good. Prices of all these metals are exceptional.
Olympia North is 15km fertile nickel belt, largely unexplored. It already contains a JORC complaint 9,300 tonnes of nickel, 6,800 tonnes of copper, 470 tonnes of cobalt and 43,000 ounces of platinum + palladium https://www.cannonres.com.au/projects/