Australia's largest stock trading and investment forum Australia's #1 stock forum

Short Term Trading Week Starting: 10 July, page-89

First 89 Last

Share
Profile

Follow
pootietang1986

4,337 Posts.

11/07/17

09:19

Post #: 25783245
Share

Originally posted by HAC30 ↑

Far from a sure thing. They have targets of large magnitude (Zola currently being drilled and Ringwood later this month) each compared in scale to those of PLS etc. Also plenty of cash in the bank and oppies to be converted soon too.

The previous grades at far smaller targets were good, met work good also. Previous targets just too small to be seriously commercial (although they have a small existing JORC they are looking to expand and DSO).

I don't give price targets but the whole $1 talk is based on there being similar grades at their larger targets as to the grades at the smaller targets already drilled. Hartleys have said 83c from memory if there is similar mineralisation in the larger targets.

Don't get me wrong though, if Zola and Ringwood draw blanks, this will come back pretty hard.

Disclosure - I hold a decent amount of CXO and have for a little over 12 months.

Expand

cheers mate!! great info, thankyou for your help!! have a great day
1 Upvote

0 Great analysis

Reply

Top Stories

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

ASX Market Open: ASX200 to rise for Friday session | July 26

There are more pages in this discussion • 239 more messages in this thread...

First 89 Last