CNB 4.11% 38.0¢ carnaby resources limited

Ann: Greater Duchess Maiden Mineral Resource, page-81

  1. 1,593 Posts.
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    It’s all about MtHope from my perspective and glad I got some under 70 on the inevitable sell off. About half the resource held here and the most potential to build a company making u/g mine. The block model and flitch horizontal cross section shows the quality of the Mt hope deposit. If they can keep getting repeats of 61m @ 3.3% cu and 0.6% au then how could this not be a mine and I’m not sure why people saying it lacks grade. Fairly high % of indicated category in the resource which is great for a maiden resource. Only thing is that the u/g resource at mt hope already delineated to 690m. The long section for Mt Hope on pg 5 really shows that they could double this down to say 1km and (hopefully) be confident of extensions below and double the mre just at Mt hope to 300k cu eq tonnes with a high gold credit. Will be a mine in my view. Are we going to enter the boring stage and for how long that is the question.
 
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