CNB

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56.5¢ carnaby resources limited

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Skene1988

119 Posts.

18/12/20

07:24

Post #: 49668433

Originally posted by Skene1988: ↑
It's looking increasingly likely the US $900b stimulus package will pass.

$900b represents an additional 6% of the current $1.5t USD in circulation.

What does this mean for us?

Excluding all current exploration lets take a quick look at our exposure to real gold based on announcement Aug 3 2020: Sale of Tick Hill Tailings (an assumption has been made we will mine the open pit) :

Open Pit mine
Tailings sale

1

Ounces AISC Ounces NSR royalty

2

12,500 $1,190 17,800 5%

3 Spot Estimated spot Total Value to shareholders* Total Value to shareholders* Total value Total SH Value
4 Gold spot @ PFS $2,300.00 $13,875,000.00 $0.109

5 Gold spot today $2,471.00 $16,012,500.00 $0.126 $2,199,190.00 $0.017 $18,211,690.00 $0.143
6 Add 2% $2,520.42 $16,630,250.00 $0.131 $2,243,173.80 $0.018 $18,873,423.80 $0.149
7 Add 4% $2,569.84 $17,248,000.00 $0.136 $2,287,157.60 $0.018 $19,535,157.60 $0.154
8 Add 6% $2,619.26 $17,865,750.00 $0.141 $2,331,141.40 $0.018 $20,196,891.40 $0.159
9 Add 10% $2,718.10 $19,101,250.00 $0.150 $2,419,109.00 $0.019 $21,520,359.00 $0.169
10 Add 12% $2,767.52 $19,719,000.00 $0.155 $2,463,092.80 $0.019 $22,182,092.80 $0.175
Disclaimer: I have not factored in the raising AISC along with raising gold price so real value will be less.
* Fully diluted at 127m shares

So as of today Tick Hill & tailings sale alone is worth 14.3c

At October 29th we had $8.6m cash with $1.25 due any day.

So MC of $35.3m - ($8.6+$1.25) = $25.5m
$25.5m - value of Tick hill & tailings ($18.9m) = $6.6m
$6.6m / 127m fully diluted shares = a 5c punt on our exploration per share today.

If gold goes up 6% we're paying 4c per share for the exploration punt
If gold goes up 12% we're paying 2.5c per share for the exploration punt

Keep selling me those cheap shares, I like CNB much more than I like playing the lottery.

Please note these are all back of an envelope calculations with numerous assumptions made. As always DYOR and GLTA.
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Apologies, it looks like I lost my formatting when posting the table... hopefully its still understandable without boarders

CNB Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held

2 Upvote

0 Great analysis

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			Open Pit mine		Tailings sale
1			Ounces	AISC	Ounces	NSR royalty
2			12,500	$1,190	17,800	5%
3	Spot	Estimated spot	Total	Value to shareholders*	Total	Value to shareholders*	Total value	Total SH Value
4	Gold spot @ PFS	$2,300.00	$13,875,000.00	$0.109
5	Gold spot today	$2,471.00	$16,012,500.00	$0.126	$2,199,190.00	$0.017	$18,211,690.00	$0.143
6	Add 2%	$2,520.42	$16,630,250.00	$0.131	$2,243,173.80	$0.018	$18,873,423.80	$0.149
7	Add 4%	$2,569.84	$17,248,000.00	$0.136	$2,287,157.60	$0.018	$19,535,157.60	$0.154
8	Add 6%	$2,619.26	$17,865,750.00	$0.141	$2,331,141.40	$0.018	$20,196,891.40	$0.159
9	Add 10%	$2,718.10	$19,101,250.00	$0.150	$2,419,109.00	$0.019	$21,520,359.00	$0.169
10	Add 12%	$2,767.52	$19,719,000.00	$0.155	$2,463,092.80	$0.019	$22,182,092.80	$0.175

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