updateHi All;
No 2 ways I'm between a rock and hard place on info.Its not the case of inside info issues but rather lets keep things quiet until accomplished.Things are going extremely well for us but again you all want to hear a deal is done.I can say deals could have been pursued 2 months ago but the story with our ore has changed.Therefor doing a deal 2 months ago would have been a very bad choice.I have already stated that we have the goods(nickel) as 3 separate companies have tested the ore.It is documented by 2 other companies Cominco ,Transmala and verified and reported by CBI.It is also reported that HPAL and Atmospheric works extremely well with our ore by 2 separate labs.Now where the story has changed is our ore has been tested by a couple labs and we appear to be rich in a couple other base metals.Now having done the nickel deal a few months back would have eliminated the opportunity on these other metals.Trying not to be promotional I will be passionate that it could dwarf the nickel content and those at the meeting will share that.The question is can they be separated.Those that went to the meeting will share the excitement on our potential however the new developments need to be verified by someone else for the credibility stamp.One major is already using a process that will separate those base metals and we are in the process of working that angle.So I dont say anything definite I will list companies short term objectives.
1)-meet with Government to detail CBI objectives and better mining regulations.
2)-continue meetings with several majors
3)-get ore tested and verified by majors at their cost
4)-have major verify a process that separates metals.
I will say all objectives are in progress and hopefully will be news worthy soon.As I've always said I will suggest time to buy stock but this plays very hard on me in case of a backfire.So knowing what I know and feeling more than comfortable with progress I suggest strongly not to be selling.I feel more comfortable with that then say buy as we are vulnerable until a deal is signed.The hardest question to answer is what are we worth and what is a good buy.I have said and was comfortable at suggesting buying .12 and under because the market was showing us that 8-12 was happening know matter what CBI was doing.Now if we are worth $1-$10 per share based on a buyout or a very strong deal( and a feasability timeframe) then a good price is obvious.So at this time its better to say dont sell and wait to buy based on a signed deal.I posted the deal that Argossy got with Norilsk which could have equated to $5+ per share for CBI(fact).So where are we now?we have proven Nickel that is also proven to work with HPAL and we are suggesting that we have metals that are extremely encouraging.We have several majors interested in our story and they are taking us seriously.We also have several options to prove our ore which should spring board us in credibility.Hopefully this is enough to chew on for now for those that are truly interested in CBI and there progress.Minor news is anticipated soon on PP and some results and company update.They have been working very hard on a presentation for majors,brokers and shareholders which will be available on the Web site soon.As far as those commenting on the Gold property we will not be changing gears at this time.Our investment is in Nickel/base metals and isn't even remotely feasible to change.The property is in good standing and will remain that way until such time it makes sense to deal.And the last question you want to know is if things are so good why arent we trading higher.We will not trade at $$ values until a deal is signed.Every Jr. has the same story until it is inked.As usual these are my opinions formed from my DD.
Stubbs