I am not an expert on anything but I would offer that even if they have good gold in the ground and good cash in the kitty it is way too early in the exporation arc to be getting excited.

The latest drill results are a bit light on detail, no? What was the orientation of the drill? Is this true depth? Down dip? Any cross-sections planned? Curious bears want to know!

also....

CB Gold has acquired interest in nine mining titles, of which six are registered in the name of the Company. All nine properties host quartz veins containing high grade gold and have historical production. In total, the project covers a total area of more than 1,000 hectares in Northeastern Colombia

OK, so which section are these results from, and more importantly, who owns the surface rights? That caused a few problems for Ventana, I seem to recall.

All in all though, a good start. High grade, near surface and mostly oxides. Definitely one to buy after the next market crash takes it down.

ebear