What’s CBE Worth, page-5

conservative is good. But gee.. we are circa $50m with about $8m in the bank versus what seems an extraordinarily conservative comparison to the t3 buyout of $228m (adjusted for copper price). That's not taking into account how much more difficult the world has realised it is to find copper deposits in the last 3 years... and the fact we have 5km of strike (still open) plus about 49 other targets within the 500km. How does this stay at $50m? I can't wait to see how this trades in the weeks ahead. My guess today... after a rise it almost always sees an immediate panic sell out from traders as the market opens (i am guessing it will get to 23) then i suspect the buying comes in again. Late yesterday it was obvious someone was trying to spook a fall at 22.5 and then buying up hard at 20ish. They might try the same on open again - but if this is the real deal the buying won't stop.