CNB 3.19% 45.5¢ carnaby resources limited

CNB and why it is STILL undervalued!!, page-278

  1. 1,069 Posts.
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    Ran out of time on the edit. I want to make clear that your should always DYOR and take responsibility for your investment decisions. Remember that many a drill hole has ruined a good prospect. Infill drilling may not always uncover what is expected. I once worked on a new gold mine in WA that had not undertaken infill drilling at depth but had assumed ore was continuous between 100m deeper drilling sections. I suggested infill drilling and 10,000m later it turns out that it wasn't continuous and the mine closed over 3 years earlier than forecast.

    My calculations are not certain to deliver, just my thoughts. CNB should be able to generate JORC resources on all 3 prospects with infill drilling. I wait with interest to learn what the actual JORC resources will be. JORC resources are assets, everything else is exploration potential.
 
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