CBE 0.00% 7.0¢ cobre limited

This is the most aggressive buying in a discovery stock I've...

  1. 508 Posts.
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    This is the most aggressive buying in a discovery stock I've seen in the last two years, bigger than GAL. I believe this is going higher over the next month and beyond. If we do indeed have something even approaching the quality and scale of Zone 5 (which is world class and a true monster by global standards) then it's dirt cheap still. As opposed to the structurally related deposits (Sandfire's T3 and A4) these big stratiform, redox/contact related deposits are relatively continuous and consistent at depth - Zone 5 mineralisation goes at least 1.2km at depth. Within 4km+ of strike, 10m thick and 1km deep you have a huge potential resource here. Look at the economics of Zone 5 - ridiculously profitable and cheap to mine. They pulled the trigger on the development when the copper price was a lot lower than it is now and it was only discovered in 2012. How profitable will the operation be when the copper price is double what it currently is in 5 years, when this could potentially be developed? Because that's possibly where the copper price is going if the projected demand numbers are on EV demand is to be believed. Potentially best discovery since the glory days of early 2020, fingers crossed

 
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Mkt cap ! $23.17M
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7.2¢ 7.2¢ 6.9¢ $64.28K 916.5K

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No. Vol. Price($)
1 94331 7.0¢
 

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Price($) Vol. No.
7.2¢ 127529 1
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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7.0¢ 7.2¢ 7.0¢ 126849
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