At some point CNB will likely enter overbought territory. We are not there yet IMO. The fundamentals are still very supportive of the current SP.
Back of the envelope, the current EV is still around $35m before you take into consideration the leftover open pit resource, which is likely worth $10-20m based on previous management estimates. Even if Strelley, Tick Hill and Duchess are dusters we’re trading at a $15-20m EV which is cheaper than a lot of other explorers out there that have mediocre prospects.
Not advice, just IMO, DYOR etc
CNB Summary and Why Its So Undervalued, page-1509
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Last
46.5¢ |
Change
-0.030(6.06%) |
Mkt cap ! $79.95M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 51.0¢ | 46.0¢ | $207.7K | 429.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12870 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 639 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| CNB (ASX) Chart |