If this were listed down under CIO would have a much higher share price. When the WA govt changed the laws it required comapnies like Barrick holding ground to use it or lose it. Barrick entered into a number of JVs with juniors, incl. CIO, but CIO is the only company listed outside Australia. Most of those juniors raised $6-12m for their Barrick JV. CIO is an above average JV due to its proximity to the producing Darlot mine and the 40,000 meters of drilling Barrick did. CIO can ship ore a few km for processing.
Using the average of $9m raised, and the current share structure, CIO would be a 20-40 cent stock in Australia.
Now all someone has to do is dual list CIO. The big question is does CIO know anyone in Australia?
Do you think?