CNJ 0.00% 0.1¢ conico ltd

GAL discovery-impact on Mt Thirsty?, page-405

  1. 14,022 Posts.
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    G'day Markboy,

    Interesting concept, charting MC's.
    Can't say I've ever considered it or in fact it's ever been done as there's so many variables but then that's TA.

    I'm really not smart enough to take in FA so I stick to my squiggly lines to make ends meet. But a combination of both is so important so I tend to surround myself with smarter people.

    Just liking the way this is setting up with the help of a booming neighbour.

    But would like to add when you say;
    "With East Greenland being a completely different and separate kettle of fish, if CNJ have a major discovery there, CNJ would then have an additional MC valuation of A$100 mllion (on the back of one major discovery)."

    That MC valuation could only be determined if and when the SP measured it that way. Personally I'd struggle with the idea of an explorer of this nature with a MC of over 100 mill but that's just me.

    But you raise thought provoking stuff.

    Cheers.
 
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