Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

There's no doubt CNB holders are now favored by a positive alignment of macro factors and company developments.

many have been expecting a SP response to rising copper and gold prices and it's now well and truly underway. It could have happened incrementally, but now we're looking at big steps.

one catalyst likely has been BHP's bid for AngloAmerican and how this has pulled focus onto all things copper.

There aren't many junior copper companies listed on the ASX at CNB's stage of development. Further corporate action can't be ruled out.

having BHP on CNB's register won't do the company any harm, nor the active JV with Rio Tinto exploring in some of the elephant country near CNB's existing mining and exploration licensed blocks.

CNB's exploration at the Greater Duchess project is well advanced and has generated an initial mineral resource estimate.

a scoping study on the way forward for what looks like a commercially viable copper/gold project will likely be issued within a month. News from exploration now underway after a late start this year will help maintain buyer interest.

buckle up. Hang on for the ride. All the best.