CBY Canterbury Resources Looking at its current Copper and Gold...

CBY Canterbury Resources
Looking at its current Copper and Gold projects and with the SPP closed (assumed raise $1.5m), I can see this stock getting much more attention given its current EV of only $8m ($11m including escrow acquisition shares).

Briggs QLD 100% - same trend as Mt Morgan mine (8moz Au, 350kt Cu)

• JORC resource of 414kt Cu from Central Zone (Northern and Southern zones untouched).
• RIO have "back in" right for 60% triggered by $1b in situ resource. CBY due $15m payment and RIO sole fund first $50m in exploration.

Wamum PNG 100% (under application - lodged Feb 2020)

• Next to Harmony/Newcrest Golpu project (26moz Au, 9mt Cu).
• Inferred resource estimate at 500k Au and 281kt Cu - open along depth and strike.
• Wardens meeting scheduled October.

Ejuri Range PNG 100%

• Initial drilling - 18m @ 6.23g/t Au, 13g/tn Ag and 0.18% Cu.
• Same area as the Hidden Valley Gold mine with 200koz pa production (20km) and Gulpu project (50km).

Bismarck PNG 40% (60% RIO)

• Targeting large Cu-Au Porphyry systems.
• RIO sole funding $12.5m exploration to increase interest to 80%.

Idzan Creek PNG 100% (under application - lodged Feb 2020)

• Inferred resource estimate of 2.2moz Au and 299kt Cu - open along depth and strike.
• Wardens meeting scheduled October.

Given the Copper and Gold price outlook and upcoming news flow across these projects, I cant see much downside from the current price and massive upside if just one of these projects produces further positive news. Should have good short term kicker and those with a little patience should be very well rewarded.

Good luck and DYOR!