CNB 2.05% 37.3¢ carnaby resources limited

Merry Xmas and Happy New Year CNB Holders, page-72

  1. 2,909 Posts.
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    Thanks for that
    Very interesting near neighbours to have
    The reserve and resources figures are just over a year old so interesting to see what they are now
    Would be interesting to see if they are still open at depth (as figures come in this year ) and what their reserves and resources are now
    Also whether their costs are going up significantly as they get deeper
    If /when they run out we become a takeover target Possibly a bit too far in the future to be considering
    If they have have a long mine life we are still good as the potential for a symbiotic relationship is as you so correctly point out could still be there
    They have about 1.7 mill tons spare capacity now but it is scalable to another 3 million tons Presumably that scalability would be far cheaper than anything we could do starting from scratch
    More importantly it would let us into production with much smaller dilution
    Anyone out there be able to say how flexible their plant would be in processing ore the ore from the 2 different sources or other stumbling points that would highlight my ignorance

 
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