Ann: Trading Halt-CXO.AX, page-53

at 26c market cap was $82M post the 20c cap raising. DKO's first set of drill results were amazing...21m @ 2.64%, 26m @ 1.96%, 26m @ 2.08% for an avg grade of 1.78%. so that MC was justified until they came out with the final drill results which were dissapointing and pointed to a pretty small 5M ton resource. That's the harsh reality, your only as good as your last drill results. I think CXO is a different case as they have 2 more drill targets so the potential is greater which may hold them up. A lot of people got burnt on DKO so I can't see these things getting to a $100M MC on just drill results. If these results are good then maybe we get to $50M which is about 16c (5c Oppies add about $10M to that but not for another year) which would be fair value imo. If results are not so good traders will sell and we are lookign at 6c which I'm ok with as I've held these for ages avg price of 3c. Then hope Zola is the motherload. Happy Punting.