A couple of interesting items have come to light recently that have vastly increased my confidence in CBS's future. The first being the disputed ownership of three of the nine tenements has been settled due to the strong leadership of Michael Bogue in staring down what was essentially an extortion attempt by locals miffed that valuable tenements had slipped into Australian hands.Secondly, rumour has it two Vale exploration executive were dismissed for failing to secure these very same tenements. Draw your own conclusions but this tells me the locals know the value of the tenements we now control. Add to this a pro-mining government,third party providing the transport infrastructure and a geologist of the calibre of Chris Robinson being super confident with his exploration targets. I'm overweight CBS and happy to be so.
CBS Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
