CBE 4.48% 7.0¢ cobre limited

Thanks for the heads up on the CBE related articles C40 and DrMM...

  1. 2,752 Posts.
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    Thanks for the heads up on the CBE related articles C40 and DrMM .... I hadn't heard about CBE before then.

    After doing some research, I bought in this morning on the pull back. I am excited.

    What I like:
    - MC below $20m. Tightly held - Top 20 held 77.28% as at 8 June 2020. Only around 24m free float. Hard to buy parcel. But restricts daily volume.
    - Plenty of Cash ... > $8m ==> EV around $10-12m
    - Smart Board & Management team - know what they have and are keen to expose the jewels in their land
    - Majors like their tenements and want to partner - CBE pushing then away at the moment
    - Plenty of exploration drilling underway with impressive assay results starting to flow - more expected soon
    - Assays showing good copper, zinc gold and silver hits
    - Many prospective targets to explore and bring to life.

    Questions: There recent assay results shows hit from around 26m below and many from around 45-55m and below.
    - Does anyone know how deep they are drilling and how far into each hole they are encountering pleasing grades?

    Good luck to all holders.



 
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