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Cariboo Rose Resources Ltd V.CRB

Alternate Symbol(s):  CROOF

Cariboo Rose Resources Ltd. is a Canada-based resource company. The Company operates several gold, copper, silver and zinc exploration projects with active development programs. It is engaged in the acquisition and exploration of prospective copper, gold and molybdenum properties in Western Canada. The Company’s projects include Lightning Strike, Carruthers Pass, CHG, Pat, Cowtrail, Koster Dam and Coquigold. The Carruthers Pass Project is a massive sulfide project (VMS), base and precious metal project that covers over 3,895 hectares (ha) and is located in Northern British Columbia approximately 30 kilometers (km) west of the Kemess Mine Road. The Koster Dam project consists of 10 mineral claims covering over 4,535 acres and is located approximately 80 km south of Williams Lake in south-central British Columbia. The Carbonate Hosted Gold Project (CHG) is located in southern British Columbia near the community of Clinton. It consists of seven claims covering 4,194 ha.


TSXV:CRB - Post by User

Bullboard Posts
Comment by malloney25on Jul 12, 2008 9:21pm
631 Views
Post# 15286788

RE: something up?

RE: something up?Excellent drill results here lately, no doubt.

The other big plus I see is that with the Wildrose-Skygold merger done now and the different ETF properties successfully optioned out, CRB management has their hands free to concentrate on this company. These guys have proven on Spanish Mountain and elsewhere that they have the ability to find the goods. Just as important, they have shown for many years that they are able to run companies financially successful.

In a very worst case / all stock market hell breaking loose scenario, this stock might drop to maybe 0.09 or 0.10$. Well big deal. On the other hand we could go double any day on drill news and if copper refuses to collapse it is certainly not out of reach to see 1.00$ in the long run.

Risk / reward ratio that suits me fine.

And I agree that the rise to 0.22$ or so that we saw lately was very likely accumulation. However this guy's patient, only buying so much at one time and then let the stock fall back again for a while.
Bullboard Posts