Core Exploration (CXO) - South Australian Copper and Uranium

[Huang Chung]

Here's a recently listed little explorer, that's trading just above its issue price (recently floated).

Mkt Cap around $9m, with $5m in the bank.

They have amassed half a dozen projects, but the bulk of their effort over the next two years will be on their Yorke Penninsular project, comprising three parcels of land (EL 4177) not far from RXM's Hillside Project.

Seems very similar in size and concept to Monax and Marmota. Perhaphs not surprisingly, one of the CXO directors, Michael Schwarz, is a former Managing Director of Monax, and was a founding Director of its cousin, Marmota Energy.

Complete punting stock, but very cheap as well.

Link below sums up the company pretty nicely (I wouldn't really call it a research report):

http://www.coreexploration.com.au/download-32.html

Disc: Picked up a few on market.