CBH - CBH Resources

UMike said:

Well.... Bought in again at 59c and 60c,

I know it is unusual circumstances so I'll be happy for CBH to never drop below 60c again

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Yeah good call UMike. You did well with this one. Good on you I say!

Now lets hope it goes up from this point.

Cheers!

Champ

Holding up well considering the sell off.
UMike did you manage to get in? Or waiting?
I'm waiting for some indication this sell off is over before I consider buying.

Despite the downturn, cbh is holding ground pretty well.
Looking forward for calm waters ahead....this baby will fly

MegaV said:

Despite the downturn, cbh is holding ground pretty well.
Looking forward for calm waters ahead....this baby will fly

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Ah, I'm not sure how you work out that CBH is holding ground pretty well, it lost around 7% today but the index lost just over 3%
To me thats hardly holding up well

Pat said:

Holding up well considering the sell off.
UMike did you manage to get in? Or waiting?
I'm waiting for some indication this sell off is over before I consider buying.

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Yea... Got in at 59c and 60c On firday was considering selling at 64-64.5c (if it got there)
Picked up another lot at 57.5c today.

Happy with CBH.

Unhappy with ABS and TLSCA atm

nomore4s said:

Ah, I'm not sure how you work out that CBH is holding ground pretty well, it lost around 7% today but the index lost just over 3%
To me thats hardly holding up well

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True, Looks like alot of panic selling indiscriminately.
Zinc up 2+%, lead up 6+% and the AUD down abit. I thought it'd do OK today.


Go figure.

fair point 7% drop back into the range it has been for the last month or so 55-61 c. I bought at 59c so I am happy.

Just seeing if anyother traders have read this repot by Intersuisse? No new news but atleast CBH is getting more coverage. A mate of mine brought intersuisse reports to my attention, anyone else have anythoughts on these?

Pat said:

Just seeing if anyother traders have read this repot by Intersuisse? No new news but atleast CBH is getting more coverage. A mate of mine brought intersuisse reports to my attention, anyone else have anythoughts on these?

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Hey Pat,

Thanks for the heads up seems CBH is getting press everywhere at the moment fat prophets also had a strong buy on this the other day.... so more press the better... just a shame about the markets at the moment... thanks again

CBH once we pass through this hic-up with USA credit should see a re-rating
Producing miners under $1.00 are always worth a second look. Fortesque at $30 plus and not producing is beyond belief. First dividend would want to be good!...CBH just wish they would have a second look at the Fe they have in the portfolio...would double the share price with a little attention.

Hi cb

Agreed ... here is a weekly .... if this one can close a week > 65 if will break weekly resistance. Other indicators are indicating a potential for a change in weekly direction .... indeed this stock is almost in class of its own at this moment in terms of the overall market ... so if it can hold up in these times, and the pressure comes off ...

The longer it hangs around this price the more i keep buying. Cant wait for it to hurry up and give me some sugar!

Hey Guys,

an ann out this morning.. so more good news for CBH...

ASX AND MEDIA RELEASE

6 August 2007

RASP MINE OPENING

The Rasp Mine at Broken Hill, named in honour of the discoverer of the greatest zinc-lead-silver orebody in the world, was opened by Professor Geoffrey Blainey AC on Saturday 4th August 2007.

At the opening Professor Blainey said:

“The Broken Hill orebody was pegged by Charles Rasp in September 1883. In 1885, Rasp started BHP. Later CRA (now Rio) grew out of the Broken Hill orebody. The wealth generated from Broken Hill changed Australia from an agrarian to an industrial economy.”

The contribution that was made by Rasp to Australia was first recognised by Professor Blainey in his 1968 book The Rise of Broken Hill.

CBH Resources Ltd purchased the CML7 leases at Broken Hill from Normandy Mining Ltd in 2001 and commenced evaluating the Western Mineralisation and remnant ore potential on CML7.
The Western Mineralisation does not outcrop, has not been mined and is the down plunge equivalent of the Zinc Lodes in the Main Line of Lode at Broken Hill. CBH validated historical information and defined Mineral Resources in the Western Mineralisation with 54 surface diamond drill holes.
A number of Zinc Lode and Lead Lode remnants along the Main Line of Lode were also drilled. The Western Mineralisation is open at depth and along strike and is separated at depth from the Centenary Mineralisation by 100 metres. The Rasp Mine will initially exploit the Western Mineralisation at a rate of 750,000 tpa for 65,000 tpa zinc concentrate (50% Zn), 35,000 tpa lead concentrate (70% Pb) and 800,000 oz pa Ag in lead concentrate. Mill feasibility and design will be complete in the September 07 quarter, long lead times such as ball mills and crusher have already been purchased and the statutory approval process is in progress. A 2.1 km long decline from the
base of the Kintore Pit is on schedule, on budget and now at 350 metres. The decline will provide access to an initial 10 Mt resource of 4.9% Zn, 3.5% Pb, 43 g/t Ag of the Western Mineralisation and later can be used to access the Centenary Mineralisation (of similar size and grade to the current
Western Mineralisation resource) and the Western Mineralisation along strike.

The Rasp Mine is the first new underground mine opened at Broken Hill for more than 60 years and will be the second major operation in CBH’s pipeline of base metal projects. The Company is also developing a large open cut copper-zinc mine at Panorama near Port Hedland in Western Australia,
schedule for commissioning in 2009.

For further information
BOB BESLEY 0438 866 549

Worth having a look at the latest aquisition of CBH. See the report out 9/10/07, which with the market falls seems to have been missed completely.

CBH has aquired the entire Shelley River leases (3) provided major high grade extensions to the Panorama project now underway. Over 300sq/km all adjoining leases and natural extensions of the known strike zones.

Something is in the wind though.

The SP is down to 52c from it's value 6 trading days ago at 62c.

Is this more than just market sentiment? Or a bargain waiting to be snapped up?

UMike said:

Something is in the wind though.

The SP is down to 52c from it's value 6 trading days ago at 62c.

Is this more than just market sentiment? Or a bargain waiting to be snapped up?

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G'day UMike,

Yep I think yesterday it was hit the worst. But I thinking along the same lines as yourself. I think today will tell us alittle more info on this.

Hey whats up all quite i bought some at 42 and 46 good value anyone got anything positive too say. heheeeheh

goldman said:

Hey whats up all quite i bought some at 42 and 46 good value anyone got anything positive too say. heheeeheh

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Goldman not much to say, fundamentals still remain in place at its current price as they did around the 60c mark. Just obviously much better value on offer at these levels :, with what you would consider minimal downside with their annual report out very shorty. Zn is down of late which has its effects, but with the significant ramp up of production in the short-med term, means the outlook looks bright (i.e. as long as there are no major problems with their mines).

Was going to top up around the low 40c mark, but already have a considerable holding will average entry at $0.47 so thought I/d spread my risk and pick up some other cheapies.

By the way does anyone know the date the annual is due out? it has to be very very soon.

The results will show that CBH is grossly undervalued.....next week report is out and it will tell us more how the company is progressing....Lead,Zinc and metal prices rising...after the fall...but from other board their..CBH s performance is up production is up...looking good here..DYOR

Grossly undervalued you say!

I think not!

With $250 million in cash in the bank and 833 million shares on issue [that = 30 cents/share] I think i'll raise your grossly undervalued to a unbelievably grossly undervalued!