Absolutely Kylie just google Michael Blinderman for a start when...

Absolutely Kylie just google Michael Blinderman for a start when talking about 'proven'.

To date im yet to see a more realistic valuation of CXY. Given though CXY is not the easiest to value.

for example this tidbit from CXY's website on just one project gives a clue

"the coal mineralization exploration target base for a drilling program would be of the order of 800 1,200 million tonnes * with potential gas production energy content of about 10,000 PJ, or sufficient energy to supply a 1000 MW power station for 200 years."

1000 MWph x $50 = $50,000 ph
x24 hours
=$1.2 million per day
x365 days
=$438 million per year
x200 years
=$87,600,000,000 value on the life of the project.
And thats with a heavily discounted MW price to factor in fuel, labour etc.
That profit per year from Vic is 4 times greater than CXYs present market cap!

This is a rough calc only but the point I'm making is to illustrate always DYOR and the importance of now simply relying on broker valuations, they might be wrong, and often are! Sometimes intentionally! Cheers