CNB 7.59% 36.5¢ carnaby resources limited

Ballpark valuation of the PFS?I like to think in general terms...

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    Ballpark valuation of the PFS?

    I like to think in general terms without getting too much into the nitty, gritty. For me with cash being generated share price is likely to double given gold is AUD $2,600. That's assuming that we get a decent toll agreement or partnership with a mining contractor. Obviously there will be other costs along the way that will eat into the cash.

    I like this share because it is a simple way to increase in value quickly for a micro cap via production not dreams. Then once in production it really should be a case of us "free rolling" on exploration success. Whether we hit or not will be up to the geo's and drill bit.
 
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