CBE

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5.1¢ cobre limited

What’s CBE Worth, page-247

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aubin

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705

22/08/22

12:06

Post #: 63246491
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Originally posted by cjames1: ↑

This is the most aggressive buying in a discovery stock I've seen in the last two years, bigger than GAL. I believe this is going higher over the next month and beyond. If we do indeed have something even approaching the quality and scale of Zone 5 (which is world class and a true monster by global standards) then it's dirt cheap still. As opposed to the structurally related deposits (Sandfire's T3 and A4) these big stratiform, redox/contact related deposits are relatively continuous and consistent at depth - Zone 5 mineralisation goes at least 1.2km at depth. Within 4km+ of strike, 10m thick and 1km deep you have a huge potential resource here. Look at the economics of Zone 5 - ridiculously profitable and cheap to mine. They pulled the trigger on the development when the copper price was a lot lower than it is now and it was only discovered in 2012. How profitable will the operation be when the copper price is double what it currently is in 5 years, when this could potentially be developed? Because that's possibly where the copper price is going if the projected demand numbers are on EV demand is to be believed. Potentially best discovery since the glory days of early 2020, fingers crossed

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These 2 figures show the mine layout and grade.width along the Zone 5 strike demonstrating the excellent continuity.

For those who are interested, here's a link to a very good 37 page May2022 presentation on the Zone 5 mine and the related district deposits (which CBE mentioned in the last announcement). file:///D:/S%20Flynn/Downloads/khoemacau-presentation-may-2022-05-03.pdf

CBE Price at posting: 73.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.1¢		Change -0.003(5.56%)		Mkt cap ! $16.88M

Open	High	Low	Value	Volume
5.5¢	5.5¢	5.1¢	$15.59K	299.6K

Buyers (Bids)

No.	Vol.	Price($)
1	15683	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	92592	1

View Market Depth

No.	Vol.	Price($)
1	15683	0.051
2	120000	0.050
1	100000	0.047
1	10000	0.046
1	300000	0.045

Price($)	Vol.	No.
0.054	92592	1
0.055	223961	3
0.059	302937	3
0.060	100000	1
0.065	21269	1

Last trade - 15.05pm 09/08/2024 (20 minute delay)

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What’s CBE Worth, page-247

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