CBE 7.14% 6.5¢ cobre limited

Ann: Vertical Continuity of Cu Mineralisation Confirmed at Ngami, page-75

  1. 1,513 Posts.
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    The analogues with Zone 5 are quite marked IMO. Steeply dipping continuous mineralisation at Ngami hopefully over 4km. Zone 5 was a 4.2 km length.

    SFR's T3+A4 are sedimentary hosted stratiform deposits so more gently dipping parallel layers, so rather different.

    Plenty of analysis + assay results to come but for me the continuous mineralisation points to an economically viable discovery in early days.

    I've been sipping champagne and holding tight onto my CBE shares. But good luck anyone who's trying to take profits already. Liquidity is a fine thing! Try selling a stock with no liquidity!

    Traders often focus on every price movement and trends, but I prefer to focus on the merits of the discovery. The new power lines along the A3 in Botswana and good roads to Waivis Bay in Namibia add to the infrastructural viability of the discovery. Check out the challenges Cupric Canyon had with Zone 5 mining including the highly oxidised mineralisation they had to cope with. But they did it.

    GL to all genuine holders. Keep the champagne bottles handy and ignore the Noise

    https://hotcopper.com.au/data/attachments/4635/4635850-9a3f53bcf1e80c2233d10e7724d0578c.jpg



 
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