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0.2¢ conico ltd

options still being taken up?, page-40

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MarkyBoy49

9,951 Posts.

3715

13/09/21

15:36

Post #: 56024802
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Originally posted by MarkyBoy49: ↑

Hi esp,

whilst I would not rule out a sale, it is still very early days and in my opinion, CNJ would be well advised to establish a JORC resource before they enter into any discussions at all with a potential buyer. With a JORC in their back pocket, they would get a far higher price.

Having said this, I favour the JV route i.e. joining forces with a major in a say 80/20 JV where the major is doing all the work and CNJ are „free carry“, would add huge value to this project.

Shareholders should also be aware that if CNJ decides to goes things alone, developing a JORC resource would take at least 2-3 years, and in order to finance this major undertaking, and in difficult conditions, CNJ would have to undertake a number of additional CR‘s.

It will be very interesting to see how the CNJ BOD plays this.

Cheers.

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It would appear as though, for the moment at least, CNJ have decided to go it alone in order to carry out more exploration and thus increase the value of their Greenland prospects.

CNJ Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.001(100%)		Mkt cap ! $1.805M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$200	100K

Buyers (Bids)

No.	Vol.	Price($)
2	9510000	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	13866745	27

View Market Depth

No.	Vol.	Price($)
2	9510000	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	12726745	24
0.003	14357808	6
0.005	10000000	1
0.009	321000	1
0.010	285715	1

Last trade - 10.02am 17/06/2024 (20 minute delay)

CNJ (ASX) Chart