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Re: stockgringo post# 2136

Wednesday, 04/25/2007 9:49:55 PM

Wednesday, April 25, 2007 9:49:55 PM

Post# of 35745
I talked to the CBR IR. They belong to the same discovery group. It is a mini HD, managing 5 public mining companies. BMC is the most successful one so far and CBR is about 1-2 years behind BMC.
CBR has 50% of an old closed gold mine, can produce 140K oz at $350/oz. I am guessing CBR may be interested in acquiring its partner, Allegiance Mining, http://www.allegiance-mining.com.au/. Discovery group is known for this kind of deals. If successful, Allegiance also has a high grade nickel claim, BMC could be interested in that.
CBR is definitely an interesting company, but it is far from production and many things is going to happen before it becomes the next BMC.
Well, it is a small world!

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