CNB 4.82% 39.5¢ carnaby resources limited

Ann: Mount Hope Shines - 39m @ 5.2% Copper, page-41

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  1. 818 Posts.
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    Calling out misleading reporting by directors and overhyped comments by posters is not downramping.

    My comments are designed to balance out the over-hype, for those with more of a long-term view as to whether the project will actually be an economic and viable mine vs the short-term fluctuations in the share price.

    Some excellent grades in hole 45, but its in the "transitional zone" so metallurgy is uncertain and the high grades don't continue at depth below in hole 48.
    https://hotcopper.com.au/data/attachments/5020/5020182-b8214fcbd1994f369df95563e6470da0.jpg
    There have been a dozen holes drilled in Mt Hope Central and the directors are still claiming they don't know the dip of the mineralisation to ascertain an approximate true width, yet its clear as day from the cross-section diagram that the true width of their holes are 30%-50% of what has been reported. Its a lot sexier to report a down-hole width of 39m than a true width of 15mwink.png Directors must have a good laugh to themselves how easy it is to play investors with their superlatives and half-truth reporting.

    As for ND, Geofiji's famous "this will be a mine" deposit and last year's "Major Copper Discovery", did anyone notice they spent a pretty penny drilling a 681m diamond core hole which found bubkas.
    https://hotcopper.com.au/data/attachments/5020/5020151-40d86fdcd1d303c4996faec99987006b.jpg
 
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