Explosive growth potential, page-134

With an EV of $18m, we are cheap as chips. But no one wants to take a punt on CXO.

Let me tell you why?
- Announcements are always HALF done
a) Metallurgy announcements flaunts economic concentrate solutions and fails to provide high-level project economics
b) Ringwood Bynoe survey revealed but what about Zola and the remainder of the Bynoe region.
c) Zola and Ringwood drilling approvals but no plans on exact timing to drill the prospects. Clearly Core wants to drill these prospects next and are happy to wait for the rain to subside even if it takes months.
d) Darwin Port Heads of Agreement but no offtake. They didn't strike whilst the iron was hot or offtake partners disliked the metallurgy.
e) Mention of sampling Barrow Creek but no commitment via follow up announcement despite watching wet season for months
f) where are Broker reports and real investors?

You might all think I should exit and leave you all alone but these are valid concerns that are contributing to our fall from 15 cents to 7 cents.

I think Core has a great chance of success but nothing is happening for months and by then the options will be worthless.

a, b, e and f should have already been released. c and d could take some time.

Complete announcements help investors connect the dots and brings bigger players on the register. Management also need to commit to timelines and deliver. Then our register will tighten and attract a big investor (aka TAW).