CXO: News Imminent!!!, page-8

Ok Brumbie. So the last CR diluted us by 25%. So 11.2 cents is the price we are looking to exceed to reach new highs. I think you need to look at this conversion in terms of EV and you will find that we are close to 60% of our maximum value. People forget that dilution adds value to CXO. They got $9m at a good rate.

We are very undervalued, however management has been slow to unlock value out of CXO and has been slowly searching for extensions at Grants. It has been a very systematic approach, not one looking for a BIG deposit.

One wonders why BP33 was shelved. Others wonder why good intercepts are only reported at the time of assay rather than prior. A lot could have been done differently to preserve value but what was done is done and we need to move forward.

Next week should be a cracker. I am pre-loaded. I am expecting new highs following Grants extensions and outstanding metallurgy.