DD from metalmanHere's some DD from metalman:
Here is my own DD.
1. What will the 43-101 report tell us?? What we can expect??
The comming report will give the reserves estimation for Ikiztepe-Sarp properties in northern Turkey. I hope that there will be 500 ~ 800k ounces of gold reserves being estimated at this property. If they found 1 M+ ounces, oh boy, this pick will hit $1 in 10 days.
2. Fundamentals about famous Ikiztepe-Sarp properties.
* Cloudbreak Resources (CDB) just got the Ikiztepe-Sarp properties in July 20, 2005. Though they are new properties, they have huge potential. Now the potential is turning out to be reality soon!!!
* They lie in an established regional mineralization zone and consist of 14 total licences covering a total area of 285 square kilometres. This area is like Nevada and Red Lake, which have had massive copper and gold yields in history and today.
* The Sarp-Ikiztepe property area has significant gold potential demonstrated by strongly anomalous stream sediments throughout much of the licence area and hard rock samples reported to grade up to 32 grams per tonne Au.
* Only 50 meters away, A stream sediment survey carried out by the neighbor company Anatolian Minerals yielded highly encouraging results. 28 stream sediment samples were collected in the area north of Ikiztepe (SE Sarp), draining an area of ca. 10 x 3 km. CDB’s coming report will continue to prove the abundance of gold reserves in this area.
* A road cut outcrop was chip-line sampled in the central part of the Sarp prospect, 200 m SW of Karanlikkoy village, yielding an average grade of 3.37 g/t Au over 23.2 m, including a high-grade portion 1.6 m @ 24.24 g/t Au. A trench and drillhole through that zone will likely yield very encouraging results.
* The coming report is a result of a preliminary exploration plan. The extensive plan will start in May, 2006.
Amazin???
3. Share Structure, very healthy:
Shares Issued: 23,328,802
Warrants:
5,679,900 @ $0.15 expire Feb 9 2006
9,736,000 @ $0.15 expire Oct 28 2007
Options:
600,000 @ $0.16
1,700,000 @ $0.13
4. Check more project details from CDB Web Site:
https://www.cloudbreakresources.com/
gt