CBH Resources is looking very good for a trade off the current support level. There is upside to 50c. Its not a gold stock but its rapidly expanding output. Mind you - I suggest a trade only since a stronger $A and constrained prices, albeit at high levels with higher costs limit the upside, not to mention the development lead time. They are also sitting on a lot of cash earmarked for project development, so the next year is not looking great, but it should get some benefits from a resource recovery. I think a takeover is unlikely since they already have a tie-in with Toho Zinc (Japan), but I'm not sure if they are contracted to supply them. The relationship seems to have diminished based on announcements several months ago. Keep looking its not gold.Andrew Sheldon www.sheldonthinks.com
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