Thanks lc for your expert opinion. Having said this, your answer seems to have been put together in only 30 minutes, which may be a reflection of the amount of research and effort that you are putting in. We will soon know.
In addition, your statement that "A best interval of 7m of sulphide mineralisation over ~55m (can’t remember how deep it started think it was about 80m?), is not very confidence inspiring.
For the record, I see no problem in using the term "ore body" i.e. it is completely normal when discussing mineral exploration. Indeed, an "ore body" does not need to be high grade or have high tonnages to be termed an "ore body". Rather, the more accurate term i.e. after extensive drilling and the assaying thereof, would be to say that the "ore body" that has been discovered is, or is not, economically viable.
In a nutshell, an ore body is a mass of rock that contains ore/mineralisation from which a value can be extracted. However, not all ore/mineralisation within an ore body will be extracted. For the record, "ore bodies" are divided into reserves and resources.
At this stage in proceedings i.e. before we have even received the first round of assay results from CNJ, IMHO, it is way to early to talk about the absence of an economically viable "ore body" at any of CNJ's tenements. However, you appear to be already doing this. I, on the other hand, am definitely not.
Please note, that under JORC requirements, it will be very difficult for TAJ (as a competent person), to try and fool CNJ investors by hyping the results. Your insinuation that he will do so for personal gain is grossly unfair to say the very least.
Summing up, you basically already see CNJ's three tenements as duds. In addition, and in the event that CNJ should release highly encouraging assay results from one or more of their tenements, you will not believe them, and you will thus not change your mind.
I, on the other hand look forward eagerly to CNJ assay results with an open mind, and depending on how good or bad they turn out to be, I will then make my next investment decision, which will be to sell or continue to hold my very large position.
Wishing you good fortune with your investment decisions in 2022.
- Forums
- ASX - By Stock
- Ann: Market Update - Delay in Assay Results
Thanks lc for your expert opinion. Having said this, your answer...
-
-
- There are more pages in this discussion • 306 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNJ (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $4.403M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $18.51K | 9.541M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 46251950 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 33218746 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 46251950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 33218746 | 31 |
0.003 | 11646752 | 9 |
0.004 | 2840000 | 3 |
0.005 | 3500000 | 2 |
0.006 | 300000 | 1 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
CNJ (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online