CNB 1.27% 78.0¢ carnaby resources limited

Who is in the Top 20?, page-325

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    I don’t like the Beadell comparative analysis that’s often used with CNB.

    THE Fact was that Beadell was a dog that soared as we see in the graphic principally due to high grade gold exploration results at their Brazilian operation.

    yet once this high grade was exhausted the company eked out an existence in a hostile environment with low grade ore.

    unsurprisingly, it needed to raise huge amounts of capital on the way to all but going out the back door.

    the mine and its operators never lived up to its promise.

    anyone who sees a CNB analogue in the storyof Beadellis consigning CNB to the rubbish bin of history.

    its way too early in CNB’s early stage exploration at potentially company making projects to do that.
 
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