Added to YB: 2026-10-15
Pitch date: 2026-10-12
COBR.L [bullish]
Cobra Resources plc
+10%
current return
Author Info
Trade Ideas Flow is an Ex-Equity PM & Quant (10y+ buy-side) curating the Open-Web Hedge Fund. Reading 100s of pitches weekly to find the signal. Sign up for the newsletter.
Company Info
Cobra Resources plc, together with its subsidiaries, engages in the exploration, development, and mining of precious base metal projects in the United Kingdom and Australia.
Market Cap
GBP 32.7M
Pitch Price
GBP 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-23.31
EV/Sales
N/A
Sector
Metals and Mining
Category
value
Cobra Resources (COBR.L) - A rare earth deposit that makes its own acid
COBR.L: Cobra’s Wudinna rare-earth deposit could support low-footprint in situ recovery, with pyrite oxidation generating acid — the largest consumable cost — and removing low-value cerium; tests also accelerated ~68% heavy-rare-earth recovery from 150 to 17 days. At ~£40m and 3.0p, below the 4p March placing, the valuation may overlook both Wudinna and the Manna Hill copper discovery. However, metallurgy remains bench-scale, the maiden resource has slipped, and field trials are not expected until 1H27.
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