CNB 6.54% 57.0¢ carnaby resources limited

Good post, but we can't forget the MC.Exploration companies that...

  1. 2,506 Posts.
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    Good post, but we can't forget the MC.

    Exploration companies that have just cap raised $2m to drill average tenements sit at this MC.

    This project has $25m to drill/ acquire/ etc good tenements at $10m MC.

    Usually the upside of drilling is factored in. Not the downside of bad drilling with $25m
 
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