No idea, all I can say is they have 17.5% free carried till decision to mine and it looks like there is potential for an economically viable mine for CNB.
I averaged down with their latest cap raise. I doubt they will bleed out, all they have to do is sit and wait for an offer to come in. It might take years for that decision to mine to be made.
The question I ask myself is what happens if the diamond drill comes back positive at LFS and / or Shamrock? In my opinion a lot of upside for both CNB and DCX
Ann: Greater Duchess Update - Booming IP Anomaly at Mount Hope, page-212
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Last
39.5¢ |
Change
-0.025(5.95%) |
Mkt cap ! $67.91M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 41.5¢ | 39.5¢ | $93.32K | 232.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 73729 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 12900 | 2 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| CNB (ASX) Chart |