What’s CBE Worth, page-943

The main point with my post was to try to get beyond looking at the grades of each hole as the pXRF readings are broadcast and at this stage, before assays are released, to look for continuity of decent copper mineralisation over a >4km strike length.
Otherwise our resident day traders will weaponise each result to their advantage and beat the price down claiming that anything under Zone 5's 2.2% is meaningless.

Taking the Ann for NCP12 as a positive example : " Importantly, results from NCP12 demonstrate that the anomalous copper mineralisation occurring above the Ngwako Pan contact has lateral continuity providing further support for potential economic
concentrations of mineralisation along the extensive strike length". Early days and the case for 'potential economic concentration" is clearly being supported.

Cobre have continually stated that

"KML is targeting analogues to the copper deposits in Khoemacau’s Zone 5 development (Figure 5) in
the north-eastern portion of the KCB. These include Zone 5 (92.1 Mt @ 2.2% Cu and 22 g/t Ag), Zeta
NE (29 Mt @ 2.0% Cu and 40 g/t Ag), Zone 5N (25.6 Mt @ 2.2% Cu and 38 g/t Ag) and Mango NE (21.
Mt @ 1.8% Cu and 21 g/t Ag) ."

So naturally we would expect any resource at Ngami to be more akin to Khoemacau's Zone 5, Zeta and Mango deposits than T3 or A4 although the d'Kar/NPF prospective layer remains common to all.

However, no resource in the KCB will have exactly the same characteristics, challenges, depths + grades etc so fingers crossed that any potential Ngami resource is economically viable in its own right.

Worth remembering too that some of the world's largest copper mines have lower grades between 0.3-1% Cu but plenty of ore. (Porhyries and a diferent kettle of fish)

Early days and let's scrutinise the assays when they come to build a bigger picture of whatever Ngami is shaping up to be.