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24.0¢ carnaby resources limited

....and here she is in all her glory (9 years ago)

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Immetoday

3,461 Posts.

516

06/03/21

19:38

Post #: 51574974
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Originally posted by Immetoday: ↑

“The Tick Hill Gold Deposit was mined between 1991 and 1995 by Carpentaria Gold Pty Ltd (a subsidiary of MIM Holdings Limited) for the production of 513,333 ounces of gold from 705,000 tonnes of ore at a recovered grade of 22.6 g/t gold (MIM Holdings Limited – Annual Reports). This makes it one of the highest grade gold deposits in Australia’s recent gold producing history.”

You’re 100% correct.......if they find the offset and it is of a similar size to what has already been mined then I would suggest holders will will be multiples in profit no matter at what price they have bought.

511koz x AUD$2200 (today’s pitiful gold price) = $1.12B worth of gold. obviously extraction costs need to be taken from this figure but at an average of 22.6gr per ton those costs are pretty low comparatively.

‘Put a little copper flavouring on top, sprinkle a little strelley, baste in some nickel and put a nice cobalt cherry on top and you have the perfect recipe.

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....and here she is in all her glory (9 years ago)

CNB Price at posting: 23.0¢ Sentiment: Hold Disclosure: Held
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Last 24.0¢		Change 0.005(2.13%)		Mkt cap ! $28.27M

Open	High	Low	Value	Volume
24.0¢	24.5¢	23.0¢	$45.74K	192.8K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
24.0¢	7818	2

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No.	Vol.	Price($)
1	10348	0.235
7	89767	0.230
5	77777	0.225
3	64817	0.220
1	3695	0.215

Price($)	Vol.	No.
0.240	7818	2
0.245	7980	2
0.250	50000	1
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