very nice move!obviously DT knew what he was doing ... he now has over 8.3 million shares, and is easily the controlling shareholder, since the BoD only have around 1.3 million combined.
I grabbed 100k @ 0.125-0.13, and was intending to add heavily to my position, but I expected to have lots of time, as it didn't appear that CBS was in any rush to push their stock price. Obviously, I was wrong!
Oh well, I'm happy anyways.
Yes, the grades are low, but the logistics are tremendous: 1) the intercept is so huge 2) it is open pittable 3) it is in virtual spitting distance of civilization and rail lines 4) a major highway, gas-line, and power transmission line run through the property
The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division. Assays have been received for hole # BD-07-01, the first drill hole of a seven-hole drill program.
The drill hole averaged 0.05% MoS2 over the entire length of 490.10 metres, which included two higher grade zones of 0.078% MoS2 over 42.9 metres from 17.0 m to 59.9 m and 0.081% MoS2 over 102.3 metres from 257.7 m to 360.0 m.
Of importance to note is the existing infrastructure on the Property, which includes Highway 16, natural gas pipeline, a major hydro power transmission line and transformer sub-station, and it is located only 15 kms from the CN rail line in Houston, BC.