CNB

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44.0¢ carnaby resources limited

Ann: Queensland Resources Minister Visits Greater Duchess, page-31

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15/05/24

10:07

Post #: 73829670
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Originally posted by Whitetail: ↑

Wow that’s a huge move in copper over night, I thought the market might try retest the ATH. Wasn’t expecting it to happen that quickly though. Now big question is will it pullback for a bit before another attempt at taking it out or blast throughout in the coming days. Looks like it’s due for a pullback in my opinion , it’s had a huge move. Imagine if the scoping study came out with the CU price at $5 +\lb .

Any one have rough estimates for the scoping study and a NPV ?

based off the MRE of 315,400 kt CU EQ

@ $AUD CU per/T. $15,408
In ground CU Value. $4,859,825,130 AUD

ROUGH numbers - a 60% discount for opex - capex
or DSO method would leave

pre tax NPV $ 1,943,930,052 AUD.

So I know my calculations are very rough and a bit of a guess but if we did end up with a NPV $ 1 billion or higher. Where do we feel fair value would be based off discount for risk to potential production?

$300,000 Million MC ? Or higher. Roughly a $2 sp?

Either way to me it currently looks very undervalued off proven in ground value and potential NPV. let’s not forget we have also found more mineralisation outside of the MRE which will increase value also.

Copper price has moved massively in the last few months yet CNB hasn’t had the same big move, but that inflection point must be coming maybe the scoping study will be the thing the market needs to get CNB moving back to a more appropriate value.

Would really like to hear other peoples opinions

All in my opinion. Not investment advice

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I held CNB 2 years ago when the copper price was similar but we were close to $2 per share. I would imagine a lot of reluctant punters given the expectation of a pullback. Similar story to gold last year a lot of stocks didn't go with the price rises immediately since people didn't believe it was sustainable.

CNB Price at posting: 67.5¢ Sentiment: Buy Disclosure: Held
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Ann: Queensland Resources Minister Visits Greater Duchess, page-31

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Ann: Queensland Resources Minister Visits Greater Duchess, page-31

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