Colibri Resource Corp V.CBI

CBI Option Agreements High Class

[Eugene357]

Both CBI option agreements with  major Agnico Eagle and Tocvan enlarge the company potential sustanually. I have to agree with Locomoco totally on Tocvan. An excellent property with a top class board of investors, and only 10 million shares out of which CBI owns 12% with share price escalating. A lot of irons in the fire for CBI of which watchful eyes will sooner or later catch up with.

Nice post Locomoco!

[locomoco]

@Eugene357 I thought Colibri is selling Pitaya JV. I see this on Colibri website. https://www.colibriresource.com/projects/ Pitaya Project (Colibri’s interest currently being sold)

[Eugene357]

Yes, Locomoco, yor are right on the Pitaya property which has high potential. But, the revenue that eventually comes in from the sale of that property should pay a considerable amount of any current loan or private placements Colibri negotiates to carry on much of its ongoing exploration activities on its properties, Evelyn, Mezquite,& Jackie. The Tocvan option agreement, of course

[locomoco]

Thanks Eugene for your insight. It makes sense and seems like Colibri management is making efforts to not dilute the stock. Hoping for great news to come on Evelyn, Jackie and Pilar! Pilar seems very promising and having the JV puts Colibri in a good position.