CNB 1.02% 49.5¢ carnaby resources limited

Ann: Mount Hope Strikes 116m @ 2.1% Cu, page-26

  1. 764 Posts.
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    Hopefully Geo doesn't mind but below is his post from a week or so ago.

    I will be surprised if the JORC is less than 300,000 tonnes of copper equivalent metal. Macquarie has published a 370,000 t estimate. Anything above that will be a bonus. If we can get above 400,000 with a grade of 1.4% copper it would exceed expectations IMHO.
    That said I have no idea what that means for the share price. Perhaps not much until further drilling pushes the total into stand alone mine territory or a PFS is completed.
    Rob did point out the railway and mentioned a siding to enable early cash flow from toll treatment in the August diggers and Dealers presentation.
    DYOR Not investment advice
    CNB Price at posting: 96.0¢
    Sentiment: Buy Disclosure: Held
    will be surprised if the JORC is less than 300,000 tonnes of copper equivalent metal. Macquarie has published a 370,000 t estimate. Anything above that will be a bonus. If we can get above 400,000 with a grade of 1.4% copper it would exceed expectations IMHO.

    That said I have no idea what that means for the share price. Perhaps not much until further drilling pushes the total into stand alone mine territory or a PFS is completed.

    Rob did point out the railway and mentioned a siding to enable early cash flow from toll treatment in the August diggers and Dealers presentation.

    DYOR Not investment advice
    Last edited by Lombard1: 18/09/23
 
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