Hey, had my eye this stock and just wanted your thoughts on its current position, I am really unsure about this stock but you seem to have some knowledge about it.There is no talk about CMT on any of the stock forums I am aware of. Have just finished accumulating a holding in Cott O&G.
Hi wadeansom, I am in Singapore ATM so am only keeping a slight eye on the markets.Hey, had my eye this stock and just wanted your thoughts on its current position, I am really unsure about this stock but you seem to have some knowledge about it.
Managed to scoop some more CMT on that little downturn at 13c. Nice work for the chap that scored a handful at 10c. Has bounced back to 15c.Hi wadeansom, I am in Singapore ATM so am only keeping a slight eye on the markets.
In summation it has what I am looking for, that being - small MC, decent cash position, unrecognised by market, management credentials, activity in a sector which I am keen on, drill program paid for by others, bordered by oil majors one whom which is currently drilling.
I don't mind getting in early and waiting, but there is action afoot this year.
Hard for me to get into further detail from here, but interested in your thoughts.
A$1 million seems a little on the cheap side for a company that has so many mineral claims in an area that is relatively unexplored but has a history of being prospective for diamonds. Perhaps the previous owners, one of whom is joining the company as a member of the board, just didn't have the capital to carry on with the necessary development and exploration. Perhaps there are other reasons.Nanuk Diamonds is the holding company and 100% owner of 625 mineral claims located East of the Ungava Bay in Northern Quebec. The 274 sq.km area contains several occurrences of diamond-bearing kimberlitic dykes that were originally found in the early 2000’s but were left unexplored for the last 15 years.
Nanuk Diamonds' mineral claims are located in the area where Twin Mining Corporation's Torngat Project was active from 1999 to 2001 where bulk and infill samples from different parts of the dyke system were collected totalling more than 350 tonnes which yielded close to 2,000 diamonds including approximately 300 macrodiamonds. Other companies owned claims in the area and found kimberlite dykes, but little was done besides geophysics and the collection of small samples. From 2005 until 2017, no further work was done.
In 2017, Nanuk Diamonds acquired 570 claims in order to reassess the Torngat Project's potential by integrating data from previous owners and exploring for new kimberlites. A remote sensing survey identified several prospective areas which were confirmed by mapping and sampling in 2019. In 2019, 118 mineral claims with little potential were dropped and 173 additional prospective mineral claims were added.