Post by
moneywagon on Aug 13, 2024 2:38pm
CNC~YOU GOT IT NOW! NEED TO GET ESTIMATES ON EACH DEPOSIT
They need Mineral Resource Estimates on each deposit for the market to assign a value to them.
This my dear WATSON is the end goal!
MARK NEEDS to determine how big is the cash cow in EACH deposit in order to determine a BUYOUT SP!
I still say there is a surprise mineral that CNC is going to find during an exploration.
Just a hunch I gotsssss! lol
GRRRrrreat post cashmere!!
Reid & Mann will each likely have more than double the nickel of Crawford. There is currently no additional value in their market cap for all the 10+ additional deposits. Getting an MRE lets the market ascertain the value of those deposits. It will then begin to show up in market cap for CNC. They must drill sufficiently to get enough data for MRE. The spinout ExploreCo will have value based on the MRE's of its resources. This is how shareholder value is increased. The mix of polymetallic resource will differ, but they are all nickel based. When Crawford is sold, the remaining deposits will need to be viewed independently. Its a big step forward to show how much metal is at the mega deposits of Reid & Mann. Its not lifestyle drilling, its increasing the value of CNC & ExploreCo to shareholders