Great announcement today and it looks like CNB may have found a significant Cu deposit. The good thing is that this is not an isolated deposit - there are numerous other deposits in the area so hopefully they can prove up a significant, mineable Cu resource. Relatively high grade and not too deep - tick. In good (safe) jurisdiction with good infrastructure - tick. The right metal - yes, big tick, Cu's future looks very strong. And CNB's market cap still reasonable at $53 million. HMX is also not far away and is finding Cu so maybe in due course the companies can merge etc. Exciting times!
@Immetoday you are correct, often with these small explorers they report some good drill results, the share price rises aggressively and then often it falls again as shareholders take profits - nothing rises in a straight line. Many explorers can't repeat the good drill results and therefore the share price slowly drifts lower. However, sometimes explorers find something significant and follow up with more good drill results and the share price continues to rise (albeit not in a straight line) - recent examples are DEG, CHN and NXM. Let's hope that CNB is in this category and continues to rise, albeit it won't always be in a straight line.
@Sarg I know you are an investor in HMX (and of course investor and Cheerleader in our mutual favourite), not sure if you saw today's CNB announcement.
And finally @blueskybaby I see you on a few of the threads and appreciate your input, and funnily enough I really like the prospect name Nil Desparandum!
GLTA & DYOR
- Forums
- ASX - By Stock
- CNB
- Ann: Spectacular Copper Discovery - Greater Duchess Project
Ann: Spectacular Copper Discovery - Greater Duchess Project, page-124
-
- There are more pages in this discussion • 103 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 CNB (ASX) to my watchlist
(20min delay)
|
|||||
Last
56.5¢ |
Change
-0.005(0.88%) |
Mkt cap ! $97.14M |
Open | High | Low | Value | Volume |
57.0¢ | 57.5¢ | 55.0¢ | $235.3K | 416.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 56.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
57.5¢ | 9571 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 999 | 0.565 |
1 | 20164 | 0.560 |
1 | 15000 | 0.555 |
1 | 200 | 0.550 |
2 | 40000 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.575 | 9571 | 1 |
0.580 | 37936 | 2 |
0.585 | 35000 | 1 |
0.590 | 20000 | 1 |
0.600 | 52141 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
CNB (ASX) Chart |