After listing as a cash shell in November, Cobra Resources (LSE:COBR) unveiled the first major step in its plans to take advantage of a decade-long lack of natural resources development projects investment in March. The business acquired the rights to a $5m farm-in over a highly prospective gold project called Wudinna, that already has a JORC compliant resource, which the management believe can be built on substantially and has the potential to develop into a multi-million-ounce gold operation. It also has complete ownership of an underexplored copper mine called Prince Alfred. With Cobra gearing up for major work programmes at both of the South Australia-based assets, we asked new MD Craig Moulton why he thinks investors should get on at the ground floor when the firm resumes trading.
Cobra Resources is an exploration and mining company formed to take advantage of a significant lack of investment in natural resources development projects over the last decade. The firm believes weak market conditions have given rise to many opportunities to buy undervalued and advanced assets that are currently orphaned because of their operators’ restricted capital. The organisation will only approach an opportunity if it believes it is attractively valued and can be developed into a sustainable operation through the application of disciplined and structured exploration and analysis.
Backing up these ambitious goals is Cobra’s strong commercial and technical management team who collectively boast more than 100 years of experience in the natural resources sector….
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