cbh resources stands out , page-5

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For the second time in less than a month, CBH Resources Ltd, owner and operator of Cobar’s Endeavor zinc, lead and silver mine, has been listed as a ‘stand out’ performer with excellent potential for future growth.
A recent report published in a national business-wealth journal rated nickel miner Mincor and CBH as two mineral resource companies with rising production and expansion profiles well positioned to counter the impact of increasing interest rates.

“Capital expenditure by resources company’s is unlikely to pause, no matter how many times rates are hiked,” the report said.

“China wants our minerals so mine expansion projects are going ahead no matter what.

“Chinese growth may well come in at double-digits again this year with the World Bank predicted 9.6 per cent in 2008.”

According to the report, increasing interest rates will have little impact on mining companies with rising production profiles.

CBH Resources is included in the rising production category, which besides its Cobar operations at Endeavor, is developing the Rasp silver, lead mine at Broken Hill and the Panorama copper zinc project in Western Australia.

High grade gold and base metal mineralisation suitable for expansion include the Hera and Mineral Hill deposits south of Cobar plus several sites in Western Australia’s Panorama region.