CXO has a two year head start while the market is blazing hot, thats why they're valued at a premium. A11 has a better resource though, so if you believe prices will stay high, then it's got massive room to grow.
The new pocket at Ewoyaa North looks pretty promising. Still a bit suss on grasscutter, but i'm not a geology expert - happy for someone else who knows mining viability to weigh in. Even I can tell the total resource size is going to climb a pretty large amount though.
Ann: Significant Potential for Resource Upgrades, page-4
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