Get Set, this is massive. The latest assay results on hole 270...

Get Set, this is massive.
The latest assay results on hole 270 are indeed stunning, and the location of this hole is clear testimony that the best is yet to come.
There is a substantial resource upgrade coming soon, however at current metals prices the value of metal in the current resource is A$14 BILLION. HOWEVER the Cobalt resource is considerably higher (grade and tonnage) than what is stated in the JORC resource. This is because 39% of the holes drilled at Walford Creek by Copper Strike (the previous operator) and used in the calculation of the metals resource were not assayed for Cobalt, (because the Cobalt price was about half what it is now).
Under the rules these holes are assigned a nil value for Cobalt which of course drags down the grade. If you assign those holes the average Co grade, it raises the overall grade to .1112% and the tonnage to about 85,000 tonnes. This information is contained in an ASX announcement by Copper Strike on 20th December 2010, this is not unknown to Aeon management, they are aware of it, they just haven't used it in any of their presentation material. Under this scenario the value of the metal in the resource becomes A$17.6 BILLION.......AND THERE IS A SUBSTANTIAL UPGRADE ABOUT TO LOB!!!

So what will the value of the new resource be? 20 BILLION+?...who knows. What I do know is that there will be a massive increase in that value when drilling starts in the New Year,... 30, 40 Billion?
A world class Cobalt dominant metals play and certainly by far the best in Australia. With a market cap a piddling $130 mill this thing is ready for take off, the new year will see a scramble for quality Cobalt stocks ahead of the electric car revolution and the revaluations will be dramatic, get set.