CNB 4.82% 39.5¢ carnaby resources limited

Part of the problem is not much has happened since the start of...

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  1. 178 Posts.
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    Part of the problem is not much has happened since the start of the year (news wise). The feasibility study is due next week, and will include the optimized pits following the HMX deal likely resulting in Cueq moving up from 314kt hopefully to or above the initial target of 370-380kt that was discussed during the MRE phase.

    Drilling started a few weeks back, apparently the rainy season was a long and painful one so the news flow should hopefully increase. They're doing infilling as well as going after key targets including The Gap (one I'm most excited about) and the Rio JV tenement. Copper at all time highs but has pulled back.

    If you've got faith in the PFS showing significant upside as well as the success at the end of the drill bit, probably as good a time as ever to jump in. DYOR though.
 
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