cxo upside: look to cauldron energy (cxu)

In understanding CXO's huge valuation upside, it is worth paying attention to Tony Sage’s Cauldron Energy (ASX:CXU), which has raced from 13c to 40c over the last month

Cauldron on Wednesday released surface silver and basemetal results very similar to Core’s sampling on its new EL 5015.

CXO release 4/10/12 - Up to 203 g/t silver and 13.34% combined lead and zinc assays from sampling of old workings on new EL 5015.

Cauldron's sampling is 20km due north of Core’s sampling on EL 5015.

Although Core has taken a more conservative approach on promotion until it drills, Cauldron has not been shy in calling this type of mineralisation and results to have potential to be a “major metals find” and a “Company maker” with references to Broken Hill.

Note: Core is planning to start drilling on Fitton project this month.

Market cap of CXU is now ~$65m vs CXO ~$3.25m ….. you make the value comparison.