CCO 12.5% 0.7¢ the calmer co international limited

COLES is CCO's JORC equivalent, page-2

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    Maybe your referring to MRE (Maiden Resource Estimate) which is a method to establish a financial worth based on the goods in the ground.

    I think CCO missed their "MRE" by a long shot.

    refer to quarterly statement released 31 July 2019.

    https://hotcopper.com.au/data/attachments/6115/6115304-960198bfb002b861f76f6fd5f573ffcd.jpg

    I then present exhibit A from the August full year report




    The lifecycle of kava from plantlet to plant is 4 years. The farm should in full swing by now, no?

    Here we are 4 years later in 2024 and a forecast $26,000,000 property value? minus - $25,500,000 as far as I can tell?

    Where did all the value go?

    Does CCO even use this farm anymor? Interesting the term 'vertically integrated' doesnt get used often anymore.

    Your semi right xc_mse - what we do not is a JORC equivalent.

    JORC is a set of industry code of compliance set by the ASX to stop companies making outlandish geological claims to shareholders,

    eg. Just a hypothetical here - a gold explorer claiming a gold deposit worth $26,000,000 which 4 years later turns out the be worth $500,000.





    Last edited by Stockholm: 20/04/24
 
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