1. Absolutely no control over what happens at the lab. Once the samples are at the lab the fate of the results are in the workflow of the lab and there is nothing anyone can do to change it. The lab businesses run their own labs with Covid limitations and logistics being in their control.
2. Gold does not jump out of the ground and free itself from the rocks by magic, you need a mill to do this. There needs to be all the permitting, enviro studies and feasibility studies with cost of trucking and treatment all explored before ground gets broken. Even though its on a granted mining lease the state governments will make you jump through all sorts of hoops before a sod is turned. If they are looking for JV partners it will be incumbent on the potential JV partner or suitor to acquire the asset to do their own studies and CNB cannot make their decisions for them. AT the moment there is limited options available for treating gold ore in the area. The Round Oak plant in Cloncurry is on C&M and its fate is uncertain due to SOL not being able to decide if they want to sell or IPO their Round Oak business off. Lorena has some regulatory issues and some parts of the Lorena plant need repairs/refurbishment so they are unable to treat any ore on site even if they wanted to.
- Forums
- ASX - By Stock
- CNB Current Drill Program
1. Absolutely no control over what happens at the lab. Once the...
-
-
- There are more pages in this discussion • 2 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
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $67.91M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 38.5¢ | $88.59K | 224.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2200 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 1355 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1400 | 0.390 |
1 | 10000 | 0.385 |
5 | 38600 | 0.380 |
1 | 1000 | 0.370 |
2 | 2269 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 1355 | 1 |
0.400 | 97080 | 1 |
0.415 | 2125 | 2 |
0.420 | 7945 | 1 |
0.425 | 1927 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
CNB (ASX) Chart |