Lexi, brilliant - finally some thought. I must say I Rather this...

Lexi, brilliant - finally some thought. I must say I Rather this approach than the typical "shove it down your throat style".

Sit down for a second.

Think about the market cap first. Post this new raising, and just assuming it is done at $1.00 (5cps equivalent) CEO will have a fully diluted market cap of close to AUD$70m.

Double this (10cps equivalent - $2.00) and you have a AUD$140m mkt cap.

To sustain a $150m mkt cap I firmly believe CEO (or shall I say Draig) will need +300m tonnes JORC. Now you can make plenty of arguments to suggest it doesn't, and sure, there are plenty of other comparable's that have higher mkt caps yet smaller resource bases, though in those instances, quality of resources and access to infrastructure deliver premiums.

I just ask that you have a level head here, This stock indeed could be anything, agreed - but its not yet, and many manipulative traders both past and present enjoy selling the "blue sky" only to often deliver very little.. Be careful and enjoy its success.

cheers