CNB 5.19% 36.5¢ carnaby resources limited

Ann: Intrusion Hosted Gold Up To 3.2 g/t Intersected at Strelley, page-82

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  1. 3,703 Posts.
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    @bustanut0

    Solid purchase - I'd suggest now put them in the drawer unlike Ace and few others - as I've said on countless occasions this not a one drill wonder or a sprint, with management and their team working diligently through two well thought out exploration programs.

    Lots more news to come during 2021 as we execute large potential Company making exploration in both WA and QLD.

    As someone else said earlier ... (Alfie ? - I haven't looked back to check) ... todays announcement has changed us from being just a nearology play at Mallina to ageology project and in addition we are also about to start on the copper / gold site at Tick Hill.

    CNB is superbly placed :-

    • exploring in 2 great areas that are proven
    • has $8m cash in the bank with another $500k to come from Sweden any day now plus an estimated $2m+ spread over monthly paymnts of an estimated $100k+ pm for the next 12 to 18 months from our profit share of the Tick Hill tailings now being processed
    • only 117m shares on issue
    • tight share registry with many long term holders
    • etc, etc

    GLTASH


 
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