CXO 0.00% 11.0¢ core lithium ltd

'Why Core Exploration’s Top End lithium project could soon take off', page-3

  1. 5,291 Posts.
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    I am still watching. Still time to buy.
    The market is used to large tonnage resources in the middle of nowhere. So its a bit of a jump for the market to digest CXOs small Grants high grade resource with the coming addition of BP33/32/32W on Darwin's door step. Of course there are 100+ pegamites to drill which a number will likely lead to a number of further small resources or if lucky one or more bigger finds as well. So the value of CXO is still largely uncovered in the ground. Holders including Yahua are banking on some of those undrilled pegamites coming up trumps.
    I have been accumulating BGS around 50 cents and under. They have an indicated resource of 65 million tons with more to come, likely end up with well over 100 million and good but lower grades than Grants.
    By way of perspective CXOs Finnis project is a comparatively 'inner city' location which means CAPEX and ongoing costs/ton will be significantly lower. Significantly lower costs via location are CXOs edge.
    Also CXO share price is a tenth of BGS so basically its still priced as a spec even though it has an offtake partner. BGS does not have an offtake partner as yet.
    I rate the Finnis project to have a very good chance of producing enough resource to generate good returns for all involved. The next 12 months drilling will be all important for holders.
    Lithium stocks are still 'on the nose' as far as the market is concerned at the moment. So patience required and still time to buy/accumulate.
 
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11.5¢ 12.5¢ 11.0¢ $3.280M 27.73M

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83 3951141 11.0¢
 

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11.5¢ 1216688 6
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