Lets not get too excited about motives, I don't post often, and try to add value - no down ramping to be found here, just some first hand background on the area. I am a former holder, and got in at around 9.5c and out at about 8c to look at alternatives while it retraced. As I posted at the time (Post #: 21813677) I am convinced that CXO are onto a good thing. As we all say here on HC, DYOR, and please give a person a break if they choose to do some first hand research and then share a meagre bit of input. If the pix don't suit you then don't check them out or like them.
As for the statement "The whole mining industry in the Darwin area, nor Indonesia nor any equatorial regions, nor snow bound regions, would not exist based on your premise", I was not aware that I had a premise other than only a mug or a desk jockey would put a drill rig over that track right now. As I stated, it will dry up quickly once then rains stop as Zola is gravel ridge country, to go further IMHO based on nothing more than remote mining, oil and gas, and land management work in plenty of wet seasons in the Top End and Cape York since 1979, two dry weeks will see the conditions for drill access on the up at Zola.
CXO is on the right track with drill program, metallurgy and airborne surveys, and Grants has great grades but can't carry the enterprise stand alone due to mining costs IMO, so CXO needs to drill the larger exposures with assays coming in consistent with Grants and all will be in the $.
Cheers for now BS
CXO Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held
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