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EE1 - Earths Energy

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Fellow traders

CXX is starting to get the attention of a top ten poster on Hotcopper. He has done a lot of research on CXX and Niobium and is in the market to buy (he claims).

By the looks of things from the latest ASX announcement there is more positive news to follow from the current drilling program underway and expect increases in both Nb grade and JORC resource size.

I will shortly post a spreadsheet model with the assumptions used within the Patersons Research Note I have provided earlier within this thread (its interesting another poster on Hotcopper claims to have done a excel model as well).

This stock is starting to have interest and I believe it could be the next SIR once the market understands just how important and rare Niobium is.

Brought to you by The Stig

Securities Disclaimer: I have a financial interest in CXX & CXXO
 
Hello fellow traders

Good announcement this morning with Craig Burton joining as Chairman.

Craig's track-record is well know and he took the last Company he founded to $8.00 and that was Nickel. This is Niobium, rarer and at US$42,000/t, worth a lot more than Nickel.

Brought to you by the Stig

Securities disclaimer: I have a financial interest in CXX & CXX)
 
Yup your are right Stig, i made mention of this on the HC forum website earlier today, the main players behind bringing niobium into Cradle are now taking strategic positions to develop this company further. No offence to the existing board but to have proven people like burton as part of your management is key to a lot of these junior spec resource companies being fruitful (you just cant rely on the dirt in the ground).

Add to that the likes of russel bradford in the background as a "project consultant" (he was project manager of mantra resources , a resource company with resources in the same country as cradle and who ian middlemas 2nd largest shareholder of cradle was chairman of, that within 5 years got taken over for $8 a share by russians) more recently bradford is part of the papillion management team, another middlemas investment.

Looks like the ducks are starting to line up

Disclaimer: I have an interest in CXX
 
CXX - Cradle Resources Ltd

Fellow traders

CXX announced drill results this morning 60m & 100m at 4.5-5gpt Au equivalent in Nb grades of 0.65 - 1% Nb.

Consider that Nb is worth US$42,000/t and it will be the first new Nb development project (without metallurgical or other issues) in 30 years.

Come on people this is a free-be, Patersons have put a $700m plus valuation on this company that is capped at $30m at 22 cents. That valuation is based on the old Billiton resource and not the current round of JORC resource drilling.

In case you haven't read it on your screen I attach the announcement fro your attention.

Brought to you by the Stig

Disclaimer: I own CXX & CXXO
 

Attachments

  • annc 23rd sept.pdf
    1.2 MB · Views: 26
harimo said:
Cradle this week announcement said Niobium results is 3% CU equivalent gives 1,680,000 tonnes of Cu equivalent or twice the quantity of Sirius...
Click to expand...
I trust the company erred here. It appears they calculated their numbers based in niobium in the ground rather than the final product that is Ferro-Niobium.

Today, the company issued a scoping study with 2mtpa mining throughput at 0.52% grade producing 4.8m/kg pa of Nb.

Nb is currently $40/kg, which makes 2mtpa of mining worth $192m, which equates to 26,722 tonnes of copper at the current $3.26/lb.

26,722 tonnes of copper divided by 2 million tonnes of ore = copper equivalent grade of 1.3%

In conclusion, 0.52% niobium ore = 1.3% copper ore equivalent.

Kind regards
 
Also, two investor presentations released today. The company needs to raise a lot of capital at the moment, at least $5 million, imo.
 
NickyDee said:
Also, two investor presentations released today. The company needs to raise a lot of capital at the moment, at least $5 million, imo.
Click to expand...

Could the forthcoming fund raising be the reasons for sudden price rise of this scrip ? Pattersons predicted its price in Sept and since then the scrip was at lukewarm. Off late there is a spike and a broker who has substantial investment started telling its clients to buy it. That is a joke because his reference on the report from Pattersons is five months old and there was no trending on the predicted value proposition.
Besides, once the market price goes up, the company will raise fund on a certain price just to fall down immediately after x rights . Very confusing scenario Dont hold it and donot know if I should wait to acquire it.

Any further comments who are holding or done some research ?

Cheers
 
On January 9th, 2024, Cradle Resources Limited (CXX) changed its name and ASX code to Earths Energy Limited (EE1).
 
missed this one ...

raised $6million and relisted early this month

.
many failed but someone seems to want to have a go, again.
 
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