weekend reading material

the potential of this company is something of significance and have only come across it thanks to the recent issue of resource stocks magazine which is a fantastic read and well researched articles profiling companies set for imminent re-rating and after just reading the index page I was enticed to research further -

what i like with this coy, is that it is PNG like another stock i hold NGE- Very different commodities as NGE are an oil and gas company but the favourable country of PNG has immense unearthed potential and is imo minerally abundant just waitng for extensive drill bits to start churning to place it as a country of major significance to other nations - I strongly suggest all to personally get your hands on a copy on Resource Stocks- March Edition and the read certainly establishes the level of confidence out their on COY's ability to transform this small cap into a mid cap resource company -

Quote from page2 of the index page from March 2011 Resource Stocks magazine -

"A partnership with a major player has positioned this multi element explorer for ALMOST CERTAIN near term growth-

Please note that i highlighted that part because this magazine is the leading resource sector investment magazine distributed worldwide- Retailing for A$11 , what i am trying to point out is that with such a strong reputation to maintain, articles are usually conservative and very point of fact. For the author, to make such a big call, they must have a high degree of confidence as their reputation is on the line with such calls -

Additionally, please check out the following link for an article only recently published by the notorious Robin Bromby in the pure speculation column of the Australian Newspaper on Monday just passed- Note that the author Robin Bromby is highly regarded by myself as an astute investor- able to identify key stocks and themes prior to the markets realising the underlying value -

http://www.theaustralian.com.au/business/mining-energy/newcrests-remarkable-discovery-restarts-papua-new-guinea-gold-rush/story-e6frg9ex-1226016697213

Newcrest's remarkable discovery restarts Papua New Guinea gold rush

FORGET, for a moment, the 4.7 per cent share price jump, the extraordinary drill result and a new target of 30 million ounces of gold and 8 million tonnes of copper.
Instead, concentrate on the details of the drill hole.

Because what Newcrest Mining (NCM) announced on Friday is further proof of something that Pure Speculation has been boring its readers with for some time: that Papua New Guinea has only begun to unveil its mineral wealth.

The big market excitement on Friday followed details of hole WR377 at the Wafi-Golpu project, a joint venture with South Africa's Harmony Gold.

It certainly was impressive with an intercept of 883m at 2.15 per cent copper and 2.23 grams/tonne gold from a depth of 913m. But the most remarkable aspect is that the grade got higher the deeper the drilling went, so this same intersection includes 628m at 2.82 per cent copper and 3.06g/t gold from 1043m (or 1.04km) down.

There's been a great deal of prospecting and exploration in PNG over the years, but not all of that work was done to any great depth. According to the Mineral Resources Authority of PNG, vast areas of the country were, between the mid-1960s and the early 1970s, subjected to first-pass prospecting for porphyry copper-style mineralisation.

But here's the key passage in MRA's brief: "This work was carried out at a time of relatively low gold prices. Thus the exploration programs gave little or no consideration to gold as a possible exploration target."

It is easy to forget that the 1987 market crash effectively killed much PNG exploration for more than 10 years, so there's a big catch-up job now in play. Expect many more discoveries, especially as the drill holes go deeper.

The authority's history also refers to the 1987-91 gold rush at Mt Kare. During the week, Indochine Mining (IDC) --whose Cambodia program we covered recently -- advanced its acquisition of Mt Kare with its estimated 1.7 million ounces. A JORC resource is targeted within six months of work beginning.

All bodes well for this company - May i also suggest that you maybe bookmark this link as I have down for a quick reference guide when the tree shakers make yoiu question your decision to hold or sell- For disclosure purposes, I am not a holder of COY at present as aforementioned it was only from my purchase of Resource Stocks did i find out about coy- Buys orders are all in though so I will confidently say that in the short term I will join the coppermoly investors committee- happy trading -