Let's imagine the worst case scenario: - 2 more significant...

Let's imagine the worst case scenario:
- 2 more significant holes at Grants
- Another Lithium discovery at another prospect
- Around 1.5 times the placement shares traded (approx 100m shares) since placement at over 20% of the placement price (no more CR cloud with $6m and $2.5m virtually certain)
- delayed assays (management say we will see them in the next 2 days)
- Grades are less than current reported grades

Now let's think of the positives:
- more pegmatite discoveries will mean more scale
- drilling continuing at other prospects until late Nov 2016
- diamond drilling program imminent
- new prospect drilling programs imminent
- higher graded assays possible as well as more depth and width and strike length
- institutional buying (clearly happening around 11 cents)
- low market capitalisation (30 cents would be an EV of less than $100m). KDR is valued at almost 6 times the current CXO value may have more lithium based on potential released
- assays due this week
- many more assays until late Dec 2016
- plenty more drilling and potential for discoveries

I could keep going but it seems like a no brainer to average up. I would be very surprised if 15 cents isn't hit by the end of this week. 30 cents is highly possible.