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7/19/16

Colorado Resources (CXO.v) and another proof of the maxim...

...that the worst thing you can do to an over-hyped project is drill it. 

So far this year CXO has been pumped by the Canadian BS peddlers up to here...


...and now it's going to "go into a period of price consolidation" as the market digests the "geologically fascinating results" from the first drill numbers out of its KSP project. Two metres of mineral under several dozen metres of rock. Bless em all.

The good news for the fanboys is that these results won't kill the project. In fact, I'm sure if you own and you ask around you'll be told that Voisey's Bay wasn't discovered until drill hole six hundred and fifty or whatever it was. And so the world turns.