LAT 3.45% 14.0¢ latitude 66 limited

Ann: CNB: Nil Desperandum Continues To Grow, page-11

  1. 4,587 Posts.
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    Outstanding 4 drill assays 4-6 weeks away. Those 4 drills have been inspected by CNB and visually reported,
    Visuals of 1%-18% chalcopyrite in 2, roughly 0.3-6% copper over deep interval if the visuals are correct, bit of art, sampling by eye, outer cores, weren't too far off the money last time, wouldn't be able to see gold necessarily. Other 2 though producing shallow results look to have less than 1% Cu.

    I do like the IP targets to the south, and the eastern zone of Nil D looks promising for shallower intervals.

    Just a tiny , teensy-weensy area poked at, some barely deep enough for the resource size to be searched. CNB is going to have spend its $20M to get the results we want to read about. Probably next drill near Fanny, inside or outside CNB 100% ML(?), while waiting for access South.

    Feels very undervalued, on its own standing or relative to CNB. Did a little buying today for a second strike, have a third strike lined up in due course. Problem is the noise from the rest of market (eg. Ukraine) adds to risk for the next weeks other than the usual exploration risk.

 
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