Experience in the region for over 100 years indicated that it was likely to produce metallurgical results of high quality. The testing always needs to be done to confirm and there will be a lot more testing prior to any processing plant design. Another box ticked on the march to a JORC resource and copper - gold production.
Drilling out for resource calculations never excites the markets much and commodity prices have been subdued. No surprise that the share price has been drifting. It causes me no concern at all.
Whilst there are many other exciting new places for Carnaby to drill I think drilling out resources on a granted mining lease seems logical at present. The new discovery work can come later, exciting though it is.
DYOR Not investment advice.
Experience in the region for over 100 years indicated that it...
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47.0¢ |
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Mkt cap ! $80.81M | |||
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