CXX 0.00% 6.6¢ cradle resources limited

Happy Saturday!!! Volume spiked after the latest NR which is...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 152 Posts.
    Happy Saturday!!! Volume spiked after the latest NR which is what we needed to see, as CXX does not get the USA and Canadian exposure that many Juniors receive, it may take a while to have this quite positive news trickle through the markets. To elaborate on the Technical work from the last release. I remember awaiting the FLOWSHEET from Niocorp to be released and it was like waiting for a baby to arrive LOL.
    Also in the Flowsheet, as you dig deeper into the recovery rates for Niobium, this was like the 2nd baby arriving. I would have to type for 48 hours straight to give you the whole picture in my mind. I strongly suggest if anyone here wants to learn more about why these milestones are so key to the 1 out of 10 Juniors that actually become a mine, go back and find the News releases from last year when Niocorp released them. The stock went on an absolute Tear. But the CEO Mark Smith is also a VERY good salesman and promoter. We don't have that here. Then Niocorp locked in a Offtake agreement and the stock tripled in a short time.
    world Class NB recovery rates are above 60% CBMM ( The Largest NB mine in the world) has rates of north of 60to68% and the Highest grade in the world. So to see Cradle with rates into the 60% plus range means that our flotation , and deslimming process and not losing very much NB through this process. This flowsheet will be what is used to model the final DFS to be released next month. Also lets remember that Niocorp's CAPEX is almost 1 BILLION, Cradle looks like she will come in around 200 Million, that's very low in this market , with a JV partner with Tremont, I see no issues, and I see no Permitting issues here.
    Future looks bright . Blairman did buy some more on Thursday By the way Mining stocks world wide are Rallying, so timing is everything
 
watchlist Created with Sketch. Add CXX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.