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38.5¢ carnaby resources limited

Hi GeoFiji, Merry Christmas in February. This could be anywhere...

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rocketeer

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04/02/22

20:19

Post #: 59369249
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Originally posted by GeoFiji: ↑

Watching with interest. I agree with Cari that this will be a billion dollar company. My $10 party on 1 Jan 2025 post may be a bit pessimistic but I think we will get there by then. The pdf file below is the presentation from Evolution late last year when the paid $1 billion for the part of Ernest Henry they didn't own. Worth a look. Gives confidence that a major IOCG will be worth at least a billion.

aaa2A1339551_EVN.pdf

The announcement today confirms everything we already thought we knew. The large tonnage low grade halo going 0.6% to 1.5% Cu. The high grade shoot with a true thickness of around 40m going 3% or 4% Cu and extending over at least 500m and most likely a whole lot more.

There seemed to be an offset in the IP anomaly which may indicate some faulting or twisting and turning of the high grade shoot. The last IP line released is interesting. It could just a post-mineralisation intrusion or a mineralised intrusion and part of the deeper feeder structures for the deposit.

This is a major discovery and we don't know how big it will get. Lady Fanny is looking like a nice open pit prospect, a lot more drilling to do of course. There are so many other possible big discoveries with Carnaby that it is hard to see a peer. The big IP & HeliTEM anomaly below the Duchess mine for one.

Well done to those who believed and rode the ups and downs. Already life changing for me too! Well done to Rob, Paul Tan and the team, thank you.

DYOR, not investment advice and always take responsibility for your own investment decisions.

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Hi GeoFiji,

Merry Christmas in February. This could be anywhere in 10 months time. It's extraordinary ground. I haven't seen any data on the IP and HeliTEM work you mentioned Deep below the Duchess mine area. Was this a previous announcement? Would love to have a look.

CNB Price at posting: $2.03 Sentiment: Buy Disclosure: Held
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Hi GeoFiji, Merry Christmas in February. This could be anywhere...

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Hi GeoFiji, Merry Christmas in February. This could be anywhere...

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