Agree nothing has changed and things only look better as the outlook for Lithium improves. Li concentrate prices forecast to be +$500/t, and with CXO's production costs at $278/t at 1Mt per year of production will result in +$220M in profit. Correct me if I my maths is wrong but I believe others have done the same calculation which indicates that CXO is a very good prospect. Sure CXO need's money to build the mine/plant and that will not be so straight forward and will come at a cost but surely a Mkt Cap A$25M is way undervalue.
This is just my opinion and my optimism which is why a bought some more yesterday
Ann: Northern Territory's Lithium Valley Presentation, page-6
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |