CNB carnaby resources limited

Ann: Greater Duchess Update - Drilling to Start at Trekelano, page-56

  1. 202 Posts.
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    A bit of a chicken or egg scenario. We will need to do another capital raise to start mining, which would be at higher dilution at current low prices. While I'd expect the share price to increase as we take the next steps to mining, would the share price be higher if we find another discovery and therefore the mining capital raise dilute our shareholdings less?
 
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