As time goes on I'm respecting these guys more and more.
To have someone fund you for the initial drill for 35% of project but also guarantee you funding through to production is quite amazing for this sort of project.
NSW is a hard place to do anything these days (except coal and CSG). There is too much opposition to mining, from land access , environmental studies. through to actually mining. Its hard work, and to have someone fund you for what is an ordinary looking base metals (iron, lead, zinc) tenement is very good.
CXM now has no more expenditures here and retains upside.
Back to the bigger picture. This makes it that much easier for CXM to embark on its promised 'capital management' process. ...and I thought we might have gone through 22c this morning ..but no.
CXM Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
