CCZ 0.00% 1.1¢ castillo copper limited

Ann: Assays infer mineralisation potential at Broken Hill, page-31

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    From Capital Network research report

    PEER ANALOGY- SANDFIRE RESOURCES
    There are very few examples of ASX-listed miners with similar high grades of ore that CCZ is exploring at Jackaderry. It is even harder to find a stock that can broadly be valued as a pureplay on single high-grade copper project.
    The closest analogue we can find for CCZ is Sandfire Resources (ASX:SFR), which comfirmed a large mineralisation of grade copper ore in 2009/2010 at its DeGrussa exploration project, revealing 7.13Mt of copper ore at 5.2%.

    An Important observation here is that the share price moved from 8 cents to over A$7.00 in the space of 18 months, before the board had even signed off on the decision to mine the site. Once investors can see evidence of the available resource, the shares begin to move.
    Thi's''is''w''h''y''w''e''''''' believe that the next 12 months could be an exciting time for CCZ shareholders. There are also some specific parallels between the Jackaderry project and Sandfire's Degrussa/Doolgunna project:
    •High grade copper ore
    • Presence of supergene ore indicates some geological similarities between Jackaderry and the Sandfire mine
    •Sites are both close to important mining infrastructure

    Cleary we are not suggesting that the project or the share price are likely to present an identical replay of the Sandfire experience. However, we believe that the Sandfire analogy provides a good example of why the CCZ share price is likely to be highly sensitive to newsflows around Jackaderry assay results over the next 12 months.
 
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