Bullboard - Stock Discussion Forum Central Iron Ore Ltd V.CIO

Metals & Mining Gold

Central Iron Ore Limited is an Australia-based exploration and development company, which is engaged in the search for gold in Australia. The Company is mainly focused on exploration in the Darlot Region of Western Australia, within 10 kilometers from the Red 5 Darlot Mine. The Company's projects include South Darlot Gold Project, British King Mine and Red 5 Joint Venture. The Red 5 Joint... see more

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TSXV:CIO - Post Discussion

Central Iron Ore Ltd > Good post from ceo.ca

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Post by onlynews on Jun 15, 2020 7:50am

Good post from ceo.ca

When it comes down to it, I fall back on fundamentals because I believe they eventually get realized and valued fairly. The fundamentals for CIO include recent and past high grade drill results: **
ENDD20-002: 1.6m of 124.4 g/t gold ** **
ENRC20-009: 2m of 88.08 g/t gold ** **
ENRC20-010: 2m of 77 g/t gold ** **
ENRC20-011: 2m of 74.5 g/t gold ** ** 4m of 70.6 g/t gold in
WDRC0101 ** ** 8m of 23.6g/t gold in
END0002 **

Past Results: **4m of 50.3 g/t gold (incl 1m of 158 g/t gold) in END0003 ** ** 7m of 27.1g/t gold (incl 1m of 159 g/t gold) in END0001 ** **4m of 23.2 g/t gold (incl 1m of 81.8 g/t gold) in END0002 **

As a very rough comparative example...OCG released results from its project. Best drill intercepts include: 1 m of 21.3 g/t gold 0.5 m of 58 g/t gold and 0.5 m of 36 g/t gold as well as some silver counts in those. Its market cap is around $26 million, more than twice that of CIO's.

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