CSE copper strike limited

good results, page-4

  1. 8,972 Posts.
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    Hi davepan

    You are right that the results today themselves are still on the low side...however the significance is that as they get closer to the Bream fault, the grade is increasing.

    In other words the current drilling is merely to provide 'direction' for future drill holes...its amazing what a drill hole can tell experienced people like Tom Eadie and Terry Lees.

    It is quite amazing what the company has achieved at Chloes/Young/Jackson etc given that previous explorers kept getting it wrong SO MANY TIMES (ie drilling the wrong way, wrong location etc etc). CSE recognised their mistakes and found the higher grade stuff.

    Same will happen at Kamarga imo.

    Fact is...company has $10 mill in the bank..good size zinc/lead and copper projects and heaps of exploration potential...all for a measly market cap of around $26 million!

    Cdchi1
 
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