Quarterly Report provides a comprehensive update on the state of play in their exploration during 2020 up to the end of September. Still have $5m in cash. Staff, Admin & Corp costs around $0.2M for qrt => approx. $1.2M per annum. Commentary seems measured but positive.
Still waiting on some drilling and DHEM survey results. Some info on next steps for Perrinvale Project but not a lot of detail or timings provided - would prefer CBE to be more specific in this area. Planning to do early exploration work on their Sandiman Project - good to read. Further news flow expected on their Botswana KLM opportunity before Christmas / within the next 2 months.
Good to finally get some news from the company. Going to be slow progress. At 14c their market cap is around $15M with $5M cash and an EV around $10M. If KLM drill results show good results over the coming month and CBE exercises their opt-in, then I would expect the share price to respond very positively.
Not investment advice. DYOR.
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