Depth Looking Strong, page-2

The other day an explorer announced some very average nickel grades from several holes recently drilled.
There is no JORC resource. Only drilled 15 holes in total I think, and not much more cash in the bank, and from memory has no other projects or assets to speak of and it ran to a market cap of $30m!
Carbine has its market cap almost covered by cash, has a project with a million ounces of gold +copper + an offtake agreement for pyrite, a very robust scoping study completed. The ore has already been mined and is just waiting to be processed, mining approval, native title, environmental approval all in place and negotiating to reduce royalties. And a million tpa plant thrown in . All for a market cap of $5m!
Relatively speaking it looks very good value.