CXO is worth more than 15 cents based on today's mining portfolio and cash holdings, but instead we languish at a paltry 7.6 cents (being sold down from 7.9 cents after the Darwin port HoA).
Not only do have a DSO ready Grants deposit, but we possibly have metallurgy that our peers (ie. KDR) could be in awe of.
Imagine what positive metallurgy will mean for upcoming Zola and Ringwood programs and to top it off add in a Bynoe survey and the region could be full of unexplored potential. The best thing is that all this news is primed for take off in March 2017.
I am patiently waiting for the imminent upswing that should see new highs. Better to be in early than catch the boat when it reaches new highs.
The X factor that no one expects is an offtake. I have a good feeling about this one. It all comes down to our metallurgy.
Bring it on this Monday!
Ann: Wide High Grade Spodumene Intersections at Finniss, page-205
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