DSO and Mets!

I would  advise forum members to re-read Brumbie's posts regarding his analysis of DSO and Grants when he negates GG. They make a lot of sense. With the preliminary mets looking very positive I think we are in for a big surprise short term. DSO(Direct Shipping Ore) at Grants after great mets + ship off from Darwin(50KM away) is a realistic possibility with the results so far. The money will roll in short term. Expect a re-rate and good spike to the SP! AIMO

Brumbie's 2 posts on DSO: go to these links:


https://hotcopper.com.au/threads/an...3240806/page-96?post_id=22796099#.WK4qDfkrJPY

https://hotcopper.com.au/threads/an...240806/page-100?post_id=22800140#.WK4sTPkrJPY


P.S.

Mets as Xin just stated are most important.  What I do like about  CXO as opposed to KDR is that the lithium is +99% in the form of spodumene. With KDR over half of the ore in their deposit is lepodite which is not easy or suitable for conversion to battery grade lithium as opposed to spodumene, thus when their met results were produced their share price tanked. Spodumene contains 8.03% Li2O, but petalite only contains 4.86% Li2O, thus a greater opex and capex if you have to concentrate the lepodite to battery grade. Also our pegmatite is composed of only a few simple minerals, so as stated in the company presentation below this will result in good spodumene liberation, which is also another cost benefit!

Cost of production will be greatly reduced with good mets and our spod in Darwin, and the Chinese leasing the Port of Darwin. I don't have to tell you the tremendous advantage this gives us over our outback WA competitors. Once the penny drops, to use guru and heart member(the most 40 followed on Hot Copper) John435's expression, the money will role in from  our competitors and deep pockets will realize what having a quality resource so close to Darwin actually means! AIMO


PRELIMINARY METS BELOW: