2021 Big year for CNJ, page-190

traditionally the first 3/4 of June is bearish. I'd suggest CNJ might see some interest from new investors over the next few weeks. as speccies go, the opportunity to get into a company operating on virgin ground is too exciting given the geological history of Greenland.

Personally I think we might see a retest of 3.2-3.4c once the drills are in the ground. This would still see us in a long term sideways trend. Anything feasible from the results and this tests the 4.6-5.4c zone. Given the low cost to establish a base camp and the shallow nature of
mineralisation in Greenland, this estimate puts the company at 40-50 million mc which is easily possible.

If they do find a white elephant, this could get hot very quickly. I encourage all to look at what happened to ESR share price when they hit their first large intercept of battery metals. in less than 3 weeks they went from a base of 1c to a high of 25c.

Dyor but be prepared to pay over 3c easily for this once the end of fy selling is over this fortnight.