Sorry to hear that skiddie.... Average down, or take the tax loss if you have some luck on another share. I hope return to highs.... personally 1c+ would be fine, good crew, MC is small and highly volatile. Fund drilling on prospective tenements/targets is our issue, might be a CR due soon, hence the stand-off in share price, so maybe build cash for that event?
I hope
- CNB prioritises drilling outside Lady Fanny mining lease (North and south) and hits outstanding copper/Au over a broad scale.
- DCX justifies its belief to a court that it does hold 17.5% of the LF mining lease.
- CNB other drilling locations eg. Burke and Wills is very much open and exciting with interesting wide spaced drill intercepts, free carrying DCX.
- Love DCX tenemements west of Newman, for gold, a tricky area for a gold find at commercial scales. Some extremely high grade intercepts from nieghbours like PGD , but have only shown, so far, very short clearly visible intervals and narrow spatial spreads, sporadic.
- Assays from soil sampling over some interesting structures due soon and some recon AC drilling at Murphy's in December. Rio Tinto drilled 3 recon holes on our lease for their iron ore option, assays due, may feed into addtional fees and ulitmately loyalties.
17.5% share with CNB gives us prospectively about 22kT of copper, 12koz Gold (~$240M US of copper/Au, say it is worth 2% in its current condition in ground, speculative as to mining go-ahead... ~$5M US).
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- Ann: Maiden Mineral Resource Estimate, Greater Duchess - CNB
Ann: Maiden Mineral Resource Estimate, Greater Duchess - CNB, page-16
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