ccell there are huge discrepancies in the market cap of some of these Brazilian iron ore aspirants. CDG has stuck out for a while as being hugely overvalued for a company with no actual iron ore exploration going on (to my knowledge). It used to have a project, but when no iron ore was found, instead of telling the market, it just quietly airbrushed the project out of the presentations and over emphasised a very minor gold project. I would be careful with that one, until they find something which may have value. IMO BCI did not do a very thorough due diligence partnering with those guys.
CBS looks very interesting being rated by the market at less than cash backing. As you know it has high grade hematite on it's property, but we don't know yet how much. I think it's worth investing in at these low levels. I have traded it once and may do so again soon. We are probably due some news.
CBS Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
