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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- Ann: Final Assays from 2023 Drilling at the Briggs Copper Project
Ann: Final Assays from 2023 Drilling at the Briggs Copper Project, page-11
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 13000 | 0.041 |
3 | 115000 | 0.036 |
1 | 9500 | 0.031 |
2 | 387000 | 0.027 |
2 | 124665 | 0.024 |
Price($) | Vol. | No. |
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0.045 | 12964 | 1 |
0.077 | 125000 | 1 |
0.079 | 3500 | 1 |
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