CNB 0.00% 26.5¢ carnaby resources limited

brimstone resources ipo (gold)

  1. 492 Posts.
    lightbulb Created with Sketch. 37
    G'day all.

    http://www.brimstoneresources.com.au/

    It will list with a tiny cap of $11-13m, has 52,000oz JORC, should be drilling as soon as they IPO & will be in toll treating production within 12 months. VERY unusual for a junior to be able to get into production so soon after IPO.

    Tiny resource atm, but has a great address near Kalgoolie, plus a few other good areas & likely decent drill results from first program could have big impact on SP.

    Obviously high risk, but also high reward.

    IPO still open. application forms on prospectus from above link.

    disc: I hold BMT.

    as usual;
    CAVEAT EMPTOR - risk in all Investments.
    Everyone should make their own investment decisions & not base them on what they might read on an Internet chat site, or receive from me (who is just an enthusiastic amateur).
    Remember, this information is probably worth what you paid for it.

    cheers,

    ned.
 
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