Sandfire's T3 deposit spans less than a kilometre along strike and grades are comparable to the hole CBE just released (assuming assays results are consistent with their pXRF readings). CBE has defined mineralisation along strike several kilometres already. The chances of there being a similar or larger deposit IMO are high (the last hole is economic if it's continuous). Normally when I'm writing about such potential with previous discoveries we're already looking at a MC of between $100-400M (RTR, GAL, CNB, AZS, etc). However CBE currently has a fully diluted MC of around $35M. That's a very good risk to reward proposition because even getting to just $100M MC means a tripling of the share price from here
CBE Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
