CNB Summary and Why Its So Undervalued, page-3011

I made the below post about 3 months ago and it is more relevant now than before:

Consistent with the report, Carnaby has noted that the stand out target is the Palisade Prospect where RAB drilling revealed significant results at extremely wide intervals of 300-500m with no outer boundaries identified yet, indicating a potentially large-sized resource. Grades are noted to be on the low side, but we need to realise it is neither size nor grade that is more important than the other. It is the overall economics of the project that is the most important factor. You could have the highest grade or the biggest size but costs must be taken into account as it could make the project uneconomical and therefore not worth pursuing. Too early to say at this stage but we're in a great location and all other information points to a relatively simple and low cost operation. Just saying this in advance as undoubtedly we will have uninformed people complaining about 'low grades' when the results come out.