Here's an extract from the Ngami Project graphic on the CBE site...

Here's an extract from the Ngami Project graphic on the CBE site (https://www.cobre.com.au/okavango-and-ngami-projects/). It shows a "priority contact target" (dashed red line) based on earlier work, which scales at about 11km, I've superimposed the outline of the CBE figure I posted earlier ( https://hotcopper.com.au/posts/63141761/single) with the planned "infill drilling". We could well be sitting on significantly more mineralised strike than 4-5km especially to the NW.



Something else which I like is the high copper grades of the KCB deposits (relative to the grades of typical large Cu porphyry deposits I'm more familiar with). Martin Holland mentions the neighbouring Zone 5 deposit, with about 4km of strike, has about 92Mt at 2.2%, about 2Mt of contained copper, which at current prices implies an in-ground value of about US$16Bn, and using a 2.5-5% rule of thumb would justify a Market Cap of US$400-800M.

He mentions he is looking forward to drilling a lateral drill hole which will show the depth and width of the deposit. So am I, as once we get that data it will allow ball-parking of the potential size/volume. Seems to me there is plenty here to justify a rerate, and with some luck an ongoing rerate, and that's not even thinking about the other 500km of strike, the 57 additional targets or the potential district.