CBY 7.14% 4.5¢ canterbury resources limited

Ann: Final Assays from 2023 Drilling at the Briggs Copper Project, page-11

  1. 148 Posts.
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    Compare Briggs to Caravel - Similar grade, smaller tonnage (for now), but probably better infrastructure. Simpler land ownership too - old cattle land at Briggs as opposed to operating wheat farm at Calingri / Caravel. Farmers will put up a fight to keep their land.

    That being said, I believe the recent price action is purely speculation on the upcoming drill program at Bismarck. I doubt RIO is putting all this effort in on a deposit that wouldn't fit their scale.

    CBY's JV partners are spending many millions of dollars farming into projects which may have the potential as a long-life copper/gold project/s.
    Despite giving up 70-80% on these projects, recognizing that major porphyry deposits are measured in billions of $ - it may have been worth supporting CBY all these years.

 
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