snapshot

The coy enjoys strong following among UK and USA investors. WH Ireland, UK Brokers rate the coy as a buy, particular on its diamond prospects.

Current price appreciation being driven by positive sentiment of overseas buyers- can it last, is it fundamentally based ?

Below is a quick profile of Coy

Assets------------------------------------------
AUSTRALIA
- Telfer AU [49% jv w Barrick 51%], near Newmonts giant Telfer deposit. Tims/East Thompson rock chip samples of 22.5g/t.
- Mt Elvire Au [100%] 832 km2, misc exploration and rock chip samples

AFRICA
- Namibia, Tsumkwe [90% jv] diamonds
- Botswana, Kihabe [100%] base metals, lead, zinc, silver. Assay results encouraging
Activities------------------------------------------
AUSTRALIA
- Telfer. Imaging & analysis done, now deep diamond drilling of at least 3 holes by end 04.
- Mt Elvire rock chip sampling

AFRICA
- Namibia, drilling, loaming, heavy minerals processing, binocular microscopy. 39 RAB holes, 1.8km, 426 samples of which 20 returned kimberlites. Will drill north westerly kimberlite trail
- Botswana, RC drilling