Just looking at other lithium peers. I am a little confused so appreciate if someone can explain this.
CXO is valued at almost $2B AUD (they had just announced a $100M equity raising today). However, looking at their JORC, they have 18.86Mt at 1.32% Li2O.
How are they valued at $2B AUD? I understand they are very close to production but still.
Unless I am missing something?
Ann: Exceptional high grade lithium assays from Adina, page-36
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