CNB 1.37% 37.0¢ carnaby resources limited

Can someone more knowledgeable than me explain that if we have...

  1. 684 Posts.
    lightbulb Created with Sketch. 124
    Can someone more knowledgeable than me explain that if we have $4.7 billion resource identified. Then why I we not concentrating on extracting this rather than heading off to the Pilbara doing more drilling which may or may produce results.

    For the record I still own Carnaby but they are at free carry having sold some at around $1.40 and $1.20.

    I have reinvested profits in BC8,VYS and SHN.

    Still believe in CNB but frustrated in slow down in action, which I think is reflected in the share price.
 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.