Price driving milestones, page-7

I was thinking about point 5 in regards to how they can be already talking about customers and long term supply beginning in the near term (ie after only 6 holes!)

“We expect these and upcoming assay results to resonate well with potential spodumene customers as they look to focus on highest quality lithium projects in Australia capable of providing long-term supply and potential to be developed in the near term"


Then it reminded me of @Tibbs post last week (about what they stated they raised capital for) and I think it ties in with the 'what on earth do they have here' sentiment:

Hi Krugman, and dont forget (f)
(b) metallurgical test work on samples from the Finniss Lithium Project;
(d) early engineering studies relating to the potential development of the Finniss Lithium Project;
(e) geochemical and geophysical work at the Finniss Lithium Project;
(f) permitting to progress the grant of a mining licence at the Finniss

In 30 years of investing in resource stocks, I cant EVER recall a company using this language after having drilled just 6 holes! Either they are 1] totally full of BS, or 2] they are hyper confident of what they have found and seen so far.

Personally, I keep going back to this announcement on April 26:
"In line with its new focus on lithium in the NT, Core has recruited NT expert geologist Dr David Rawlings (BSc(hons), PhD) to the team as Exploration Manager."
And:
"Core has also retained the services of CSA Global. CSA Global has a team of highly experienced consultants with substantial experience in the field of industrial minerals exploration, including lithium minerals. CSA Global’s consultants bring both practical field skills and theoretical understanding of the exploration and evaluation of lithium‐hosting pegmatites, based on work in Australia (including significant experience within Sons of Gwalia), Africa, Europe and North America. CSA has experience in all stages of the mining cycle from project generation to production."

Add to these, the announcement reading Biggin's changed employment status along with performance rights. Then you look at the b, d, e, and f, points, and it is hard not to be very bullish about CXO's prospects! They have sent out a massive statement in these comments, that is not subliminal in any way.

I temper that with saying that it is still early days, and the the ground can throw anything up. So we have some very interesting times ahead!

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I can only conclude that they know a lot more than we have been informed of.