CNB 3.19% 45.5¢ carnaby resources limited

Ann: Significant Intrusion Hosted Gold Discovery 5m @ 8.55gt Gold, page-158

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  1. 3,703 Posts.
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    @Stylonnnn

    As we all know the problem has been that the labs are way behind with their work due to the sheer volume of work that they all have going through.

    It seems Management wanted to get the results of the initial holes in this new area quickly and as such they would have paid something like double the normal lab costs to push those results through whilst the results for the remaining holes will come through in the normal time frame at a reasonable cost.

    Put simply, no one can afford to have all of their lab results pushed through at excessive prices.

    The other thing is that all lab results need to be assessed to enable further targetted drilling to be undertaken within their overall drill program.

    I'd expect the next drill results to come out very shortly.

    In my view the wide fluctuation in both the gold and copper prices recently has also had impact on all miners and explorers, however the future remains very positive IMO.

    All good ....

    GLA





 
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