Can’t help feeling that CNB’s decision to ‘go slower” than they could have done (by putting more capital into more rigs) may eventually look like a wise decision.
I’d been a bit frustrated that they didn’t spend more on drilling post-raise but any decent results would have been sucked into the crushing vortex of the wider market.
Hopefully they’ve conserved enough cash to avoid a new raise until some of this sentiment lifts.
Ann: Mount Hope Discovery - 75m @ 1.7% Copper, page-130
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