This is as clear as it gets, page-133

john435

9,367 posts.
Date:
10/10/16
Time:
01:56:06
Post #:

19734128
seuss said: ↑
@seuss,I note you mention that "so many are jumping on the lithium bandwagon" and you are correct in the sense that from April this year until now there have many juniors shouting look at me -lithium...However CXO put together this ground in January and was the twelfth listed junior in the lithium space ......now there are more than thirty .

CXO has had a long history in the NT and as the earliest lithium player in the Territory grabbed the best and largest blocks of ground before the idea had even entered the heads of other juniors.

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CXO (ASX)

Price at posting:
13.5¢
Sentiment:
Buy
Disclosure:
Held​

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blastfurnace

1,636 posts.
Date:
04/10/16
Time:
00:04:43
Post #:
19594991
wakaran said: ↑
Hi Wakaran,

I must admit when I saw the first surface sampling results from this project I was sceptical. The excuse given by the company for the poor results seemed like a "likely story".I was wrong!
The drilling results since have shown potentially economic grades and widths of lithium mineralisation.

However, there is still a way to to prove an economic deposit. Hole FRC005 appears to demonstrate that the lithium mineralisation may not extend to surface (having been weathered and showing no significant lithium grades). The thickness and grade seems to drop away significantly quite quickly from the best hole which is located where the historical pit is, and likely to be the best part of the deposit. More drilling results are needed to prove whether this is the case. The geometry of the mineralisation is also far from ideal. Metallurgy results will be needed to demonstrate a marketable concentrate can be produced from this mineralisation.

The good news is that the company has numerous prospects to test in the area and the area has now been demonstrated to host potentially significant deposits - better than most lithium hopefuls could have wished for. Withoit having read all the comments on this thread, I assume there will be those who are sceptical about the positioning of holes and the obvious need for capital to be raised for further drilling and development.

I hope my comments do not come across as too negative, this is a potentially exciting discovery that I am watching closely. Good luck.
32

CXO (ASX)

Price at posting:
14.0¢
Sentiment:
Buy
Disclosure:
Not Held
​

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blastfurnace

1,636 posts.
Date:
26/09/16
Time:
14:20:01
Post #:
19423250
Guys,

The remarks were just general in nature - I still maintain it won't be super easy but nothing that can't be handled.
The results announced last week by the way are very promising indeed.
This company is now firmly on my radar to see how they progress.

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CXO (ASX)

Price at posting:
7.3¢
Sentiment:
Buy
Disclosure: Not Held​