An Immediate Strong Buy for Both Fundamental and Technical Reasons
Contributed Opinion

1. For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Kobrea Exploration Corp.
3. Author Certification and Compensation: [Clive Maund of clivemaund.com] was retained and compensated as an independent contractor by Street Smart to write this article. Mr. Maund is a technical analyst who analyzes historical trading data and he received his UK Technical Analysts’ Diploma in 1989.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
4. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
5. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.

For additional disclosures, please click here.

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.

For both fundamental and technical reasons, Kobrea Exploration Corp. (KBX:TSX; KBXFF:OTCQB; F31:FSE) is looking most attractive at this juncture. The company's stock has dropped heavily in recent weeks. There is no news out of the company to account for this and the drop is thought in large part to be due to the 4-month hold coming off a large block of stock that was issued as a financing last December being lifted on April 21 This decline is now believed to have run its course and the stock is viewed as a strong buy here for technical reasons that we will cover when we look at the charts below.

Fundamentally, Kobrea Exploration is regarded as a very interesting story and is viewed as an outstanding opportunity for investors. There are two key reasons for this. The first is that the company holds the option to acquire a 100% interest in a huge District Scale property in which 12 porphyry copper targets have already been identified in the past by mining giant VALE.

This property is located in the prolific Neogene porphyry Copper Belt in the west of Argentina. The other key reason is that Mendoza Province where the property is situated, has become much more mining friendly and is working to promote the project with the Western Malargüe Mining District being designated by the government of Mendoza Province in April of last year and, in addition, a serious copper supply crunch is imminent that is expected to drive its price much higher. The great opportunity thus being presented to the company and its shareholders is set out on this introductory slide from the company's latest investor deck. 

The company also has a 100% interest in the 5,300-hectare Upland Copper Project in British Columbia, which has a lot of potential.

Western Malargüe is located in the southern part of the most southerly of the three districts of "behemoth" copper deposits in the Andes, which contain some of the biggest and most famous copper mines in the world, such as Chuquicamata, Escondida, and El Teniente.

And it is located in the world-class Neogene Porphyry Copper Belt, not far south of the big El Teniente copper deposit across the border in Chile.

Mendoza province is renowned for its wines, but with its opening up to mining, it could soon also be well known for its copper mining. . . 

As part of its efforts to promote mining in the province, in April 2024 the government of the Province of Mendoza created the Western Marlague Mining District and it has undertaken studies to promote mining exploration.

The Western Malargüe projects are very extensive, amounting to 73,334 hectares on the western border of the province, adjacent to Chile, and have vast discovery potential.

This map shows their extent and exact geographic location:

A range of diamond drilling permits were issued last year. In contrast, the main reason that VALE didn't advance the projects in the past was that, in the very different environment that existed back then, it did not receive the necessary permits.

The potential of the Western Malargüe projects becomes more apparent when we learn that the seven main targets are not just targets, but are projects in their own right that each cover a large land area.

Please go to the investor deck, mentioned above, for more extensive information on the individual projects.

The next page sets out the exploration plan for the projects, which includes a property-wide magnetic-radiometric  survey and geochemical and geological surveys.

Now, we will review the stock charts for Kobrea Exploration to see why it is viewed as an Immediate Strong Buy here.

Starting with the 6-month chart, we can see how the stock broke sharply lower early in April to commence a steep drop, which was punctuated halfway down by a classic bear Flag. This drop has resulted in the stock becoming heavily oversold on its MACD indicator, on its RSI indicator, and relative to its 200-day moving average, with which it has opened up a huge gap. It has been critically oversold on its RSI for weeks now, since early April, a situation that often leads to a big "snapback" rally.

Thus, the big volume buildup in recent days looks like a classic case of "capitulation" or panic selling at a bottom, and at the time of writing, the morning of the 2nd, volume has become climactic with today's candle thus far being a bullish "inverted hammer."

On the longer-term 17-month chart which shows all of the history of the stock, we can immediately see why this is a good point for it to reverse back to the upside, which is that the steep decline has brought it back into a zone of strong support approaching its cyclical lows of January and August last year.

The current very heavy volume indicates panicky "weak hands" passing their stock to "Smart Money" buyers who are only too happy to relieve them of it.

The conclusion is that this is an excellent point to buy Kobrea Exploration or add to positions in it, and it is therefore rated an Immediate Strong Buy for all time horizons. The first target for an advance is the CA$0.45 area where there is a band of resistance, with a second target being the CA$0.64 – CA$0.67 zone.

Kobrea Exploration's website.

Kobrea Exploration Corp. (KBX:TSX; KBXFF:OTCQB; F31:FSE) closed for trading at CA$, US$ on May 2, 2025.