Nope not even going bother..if it was any good we would have sold it or done a JV by now.
From memory the grade was very average and the transport to the port(100 trucks a day or something?) and the actual port had question marks but I was less worried about the port.
Can they keep drilling through the Bauxite in search of Gas?
I hope they can get any result from it in the next 2 years that would be great. If Canntab happens we might have cash again to kick start it.
Cann Global Limited (CGB) has previously delineated a number of bauxite targets within its South Johnstone Project, EPM18463, near Innisfail, Queensland. On the 13th October 2017 Mineral Development Licence MDL2004 was granted over the Camp Creek target. CGB is currently continuing to work to further its mining lease application at Camp Creek. EPM18463 is due to expire on the 25th May 2020, CGB has submitted a renewal application for a further two years.
CGB Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
