RE: SWEEPING UP AGAIN28 May 2021 06:15
Morning Paul.. good to see you on this board and yes we do have similar investments.
The presentation coming soon on 3rd of June will be a great concise overview but until then ...
My take on Cobra..
I came across Cobra just before Xmas ... I listened to a Stock Box Media presentation with Charlie Stephenson from SI
Capital .. A Geologist who previously worked for Chesterfield Resources in Cyprus. ( CHF is another of my investments)
It was 30 mins , was very impressed with his knowledge , comments and the info .... Right at the end he was asked for his
top picks for 2021 , the ones with the most upside.. In brief...
CHF... Biggest licence area in Cyprus, Large VMS deposits . Copper and Gold and 23% Holding by Poly Metal to get a strategic foothold in Cyprus ... Cyprus was a big mining concern but literally closed down 1974 with all the political unrest
The mining industry was mothballed and now with the price of copper and gold .... Say no more...
He worked for them... So all made sense from a GEO's perspective...
Then ORR... First mover with district scale Gold licence in Cameroon ... Again made perfect sense ... As its been overlooked for exploration and the Gov a very pro mining... Another long term hold for me.
Then CCZ ... The big one ... Copper .. All the comments made sense so again ... Bought in as it ticked my all my boxes.
Then came his top pick for 2021.... Cobra Resources..
Reasons Wudinna licence area 1926 sq km in the Gawlor Craton... not far from the huge Olympic Dam mine
22 targets ... inc 4 IOCG All of which could be transformational for the company
Permissions for all 22 targets... a 75% buy in agreement with Andromeda Metals... a Major in their own right...
Hasten to add are doing mega atm. and a ready made JV partner in the making. big box to tick
Now this is London Main Market listed Company with just 335m shares and a Market cap of just £6m
Light bulb moment... tremendous upside from here ... having experienced GGP 's Journey
Then the method to de risk the project with the first goal of increasing the Jorc from 222k oz au to 1m oz au
Then there was the initial assays which confirmed great grades and confirmed open extensions to these.
There is plenty of You tube and proactive videos with all the info and these just increased the investment case for me.
All in all without getting into the knitty gritty which will become clear with a little research and confirmed by the up and coming presentation ... I think this could be the next GGP... Life changing gains and mega upside potential
I can post some links with info... The IOCG targets are very exciting so are the confirmed grades and extensions of
that are being confirmed with this next works schedule...
The company have a proven exploration method by way of soil samples that has proven successful ..pathfinder elements etc....
Working in a safe jurisdiction ozz is the place
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