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Money for Nothing
Posted by: Reddzinn7 (IP Logged)
Date: July 5, 2012 11:27AM

Kobex Minerals is a wonderful net net.

Company has 49.4M shares at the current price of $.59 equating to a Market Cap of $29.15.

Current Cash is $37.3M+

Zero Debt

Company has some assets described below, which free.

So, 28% upside on CASH. Plus free option on mineral rights.

Furthermore, Sprott Capital ownes ~19% of company.

Description:

Kobex is a Vancouver- based publically traded mineral exploration company and is well funded with about $37 million of cash on hand and a similar amount in working capital. The Company is seeking to acquire advanced projects that meet its criteria of established resources, competitive costs, and significant exploration potential. The Company also holds the Mel and Barb zinc/lead properties near Watson Lake in southeast Yukon, and recently announced an exploration program at the Mel for the 2012 summer field season. The Company is continuing to review its alternatives for these properties in view of forecasts for strengthening zinc markets in the medium term, the exploration potential for the Mel and Barb, and their relatively favourable location in the Yukon.


Stocks Discussed: KXM,
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