From the article Barry reports Flash talking about the Copper-Gold target at Boi Novo;
"And back at the Gather Round, Gordon revealed CTM was about to roll a rig up to the Boi Novo copper-gold exploration target. It is of the big IOCG type that the Carajas province where it is located (like Jaguar) is noted for.Gordon said the rig will begin testing “genuine’’ targets in 2-3 weeks’ time. In the rising copper market, it will be one to watch.In arriving at its 80c share price target, Argonaut said that the Jaguar project remained underappreciated by the market and that the Boi Novo project had the potential to yield a significant copper-gold discovery.As for the Jambreiro iron ore project, it was a “sleeper’’ asset it valued on a post-tax NPV basis at $161 million."
Boi Novo translates as "New Ox" - I like that. In my mind, it represents the promise of more productivity and hard work paying off.
CTM Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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