short term trading week starting - 6th jan, page-93

entry for stt list

SBR - Sabre Resources - ta and fa

Copper and silver in Namibia

4.8c
$5 million cash
$9.5 million cap

Chart have clearly based, think we weathered the worst of horrid sentiment towards junior explorers - only way is up now for the decent ones.

Buying interest returning for SBR

Fell from 27c to 4c in the last 12 months.

Money flow and RSI have both turned up after forming a base, along with the price.

Money flow shows just how oversold this stock was at 4c.

Not much resistance now until 10c.

Price moved above 21 day moving average for the first time since October last year.

Saucer forming on the longer chart.

Eisernenhut prospect - awaiting drill results

Schlangental prospect - preparing a drilling program

Guchab Canyon prospect - flagship - diamond drilling ongoing, more visual results or assays expected soon.

Latest assay results included 27m @ 2.5% copper and 10m at 3.6% copper, both from around 100m.

Earlier results from same project:

- 108m at 1.15% copper FROM SURFACE, with 2.5m at 13.5% copper and 24m at 2.1% copper.

- 42m at 3.6% copper with 1m at 20% copper.

All these results come with very decent silver credits, most around 50g/t

Mineralisation is increasing in grade with depth.

Over 4km of strike with copper-in-soil values up to 1%.

Just down the road from Kombat Copper's 8.7 million tonne deposit at 3.3% copper with silver, lead and zinc.

Plenty of infrastructure with sealed roads, rail to port, power, water, and Kombat's mineral processing facilities.

Target of 300,000 tonnes of copper plus silver

Shiny!