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Carnaby Resources Ltd. ( (AU:CNB) ) has shared an update.
Carnaby Resources Ltd. has released details regarding its exploration results and mineral resources, compiled by competent persons Mr. Robert Watkins and Mr. Paul Payne. The company has calculated metal equivalents for exploration results using specific formulas based on forecast and spot prices for copper and gold, with metal recoveries applied as demonstrated in preliminary metallurgical test work. The company maintains that all elements included in the metal equivalents calculation have a reasonable potential to be recovered and sold.
The most recent analyst rating on (AU:CNB) stock is a Buy with a A$0.76 price target. To see the full list of analyst forecasts on Carnaby Resources Ltd. stock, see the AU:CNB Stock Forecast page.
More about Carnaby Resources Ltd.
Average Trading Volume: 1,000,405
Technical Sentiment Signal: Sell
Current Market Cap: A$98.02M
For a thorough assessment of CNB stock, go to TipRanks’ Stock Analysis page.