CBE 0.00% 7.0¢ cobre limited

What’s CBE Worth, page-904

  1. 2,094 Posts.
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    Just a bit of thoughts (could be superficial) on pXRF and related:
    Above is an interview with P.r.o.active Andrew Scott on 10August, 2022, when CBE just hit 3km along strike, but Martin was already talking about 4km similar to Zone5 (92mt, 2.2% Cu). The second hit was "unbelievable" and "10 out of 10 result for the company".

    Martin's interview on P.r.o.active again on 16August, 2022, where from 2:40 mark his comments involve "...it seems that copper is pretty much everywhere..." underneath the ~65meter's cover.

    It worth noting that there are some interesting yet important comments Martin made i reckon in the above interview with BROKER BRIEFING. From some 3:15 mark, Martin commented that CBE's current drilling company is Mitchell, they have some 26 rigs in-country, and majority of them are with Sandfire and Cupric Canyon. This gives a good hint very obviously that Mitchell has been involved with more drillings (as well as pXRF testings one would guess) in Sandfire and Cupric Canyon, so i would assume their way of drillings and testings would be pretty much consistent through the projects in the region (aka KCB) they have been/are involved. I personally doubt that the team there would release the XRF results that would be significantly contradicting the actual assay results!


    And the following is a comment from Sandfire's CEO Karl Simich regarding CBE's recent discovery:
    https://www.resourcesrisingstars.com.au/news-article/simich-sees-decades-copper-mining-botswana
    ......
    "...The prospectivity of the belt has been further confirmed by Cobre's nearby Ngami discovery, where wide intersections of visible copper has been recently found over a 4km strike length..."
    "
    Sandfire have enormous tech resources and connections in the region, hence i personally doubt Karl would make some unfounded comments regarding such a potentially great discovery!


    And below is an example that i took from ASX:TMS just for comparing the initial pXRF readings with its actual assay results (understand the way each company takes to do pXRF readings might be very different, but nevertheless just use as a possible outcome) :

    https://hotcopper.com.au/data/attachments/4668/4668109-f045e2ba673553668e1d0b675ceba3db.jpg
    When the above two holes BBDD0007 and BBDD0008 were first intersected and announced on 06/12/2021, and their pXRF readings are attached the APPENDIX 1b of the ANN.
    https://hotcopper.com.au/threads/ann-new-intensely-mineralised-cu-zone-intersected-at-bluebird.6467702/
    (note at the end the table: Handheld pXRF readings: pXRF readings taken on whole (HQ) core at 0.3cm (?) to 1.0m intervals prior to cutting. Niton3L Series with 30 second reading time. Instrument calibrated daily).

    And then in the below assay results ANN on 08 March, 2022:
    https://hotcopper.com.au/threads/ann-spectacular-50m-at-2-70-copper-intersection-at-bluebird.6629447/

    https://hotcopper.com.au/data/attachments/4668/4668114-2d4ca7a8bd543d6d21821a1bd09d7f16.jpg

    And the actual assays regarding BBDD0007 and BBDD0008, table1 is at the end of the ANN in appendix.

    Through comparisons, i personally seem to have failed to find the significant difference in their initial pXRF readings and the actual assay results. Some parts are wider in length (with reasonable grade) in actual assays.


    Hence by listening to below Martin's interview on Bulls N' Bears on 18/08/2022:

    From 1:50 mark Martin starts to talk about the pXRF readings (and forthcoming assays) in a confident way. And i personally tend to agree with his or his team's assessments.

    Again all are speculations still at this stage until final assays arrive in Sept. Pls always DYOR. Cheers.








 
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