Post by
SuneeDaze on Aug 08, 2019 12:41am
CBG DD
As I stated below, I prefer to base my decisions on facts. Here's some of the facts I've come up with from the company's website as well as sedar and sedi.
**. CBG holds 17 properties in the Chibougamau area, including 8 past producing mines, most of which remain open at depth
** Bateman deposit (results from today) hosts a resource to 183 m of 678,750 tons grading 1.76% copper, 4.13 g/t gold, 16.71 g/t silver
** Berrigan North hosts a resource of 1.4 MT grading 1.77 g/t gold and 3.17% zinc
** holes released today include:
BJ-19-21 which assayed 10.6 m of 3.06% copper, 2.96 g/t gold, 13.04 g/t silver and within that there was 4.38 m grading 4.01% copper, 4.90 g/t gold and 16.17 g/t silver
BJ-19-22 which assayed 15.6 m of 3.02% copper, 0.48 g/t gold and 20.2 g/t silver and within that there was 5.9 m of 5.64% copper, 0.82 g/t gold and 61.12 g/t silver
Those are significant intersections. And when you include the closest hole to 22 which was BJ-19-18 which graded 9.2 m of 7.7% copper, 3.58 g/t gold and 33.25 g silver/t, you can see why the company remains optimistic when the deposit remains open in several directions and at depth (see 19, 22) where the grades trend higher.
** share count of approximately 47 million
** considerable insider ownership of about 20% meaning that management, as well as us, benefits from their success
** infrastructure is all in place meaning exploration costs are greatly reduced
Outlining deposits is a long, methodical process. Holes will hit and miss as they did today. The company will use the information and apply it along with their knowledge and geological models to continue to outline the orebody, not only on Bateman but their other properties. As they continue to do so, speculation and anticipation (and hopefully price appreciation) will occur.
At the current sp, and with a market cap of under $5 million, I feel downside risk is minimal while there is a great level of potential upside moving forward.
Have a good night.
Comment by
SuneeDaze on Aug 09, 2019 12:08pm
https://statesidereport.com/stateside-report-podcast-august-7-2019/ In the podcast above, CBG is mentioned in the last few minutes. Speaker discusses the results and points to the fact that many of CBG's properties have outlined deposits which is appealing because it helps mitigate risk.
Comment by
SuneeDaze on Dec 20, 2019 6:30am
Here’s a recap of the fundamental reasons that I originally took a stake in CBG. While investors are chasing area plays in the Red Lake area in the hope of finding a VMS deposit, CBG is planning exploration on its many deposits...yep, actual existing deposits with outlined resources. See below...
Comment by
permagrin on Dec 21, 2019 7:39am
Starting my dd on this. First glance sure looks good...positive past results, some really high grades especially of copper.....low float...undervalued....insiders buying on market recently... Any idea hen they might start field work again or are they now?
Comment by
permagrin on Dec 21, 2019 8:07am
Just saw in someones post below that the company has been approached by others to buy their properties. Nice when you’re in demand like that. When you think about it...the company could be taken out at say 0.20 a share and that would still only be a $10 million market cap. For what 17 properties, 8 past producers? Crazy. Liking this more and more.