CXO has made (the very first) revenue of $20m..
Series of tenders (more cash) would follow in coming months.
Then $100m (from CR) plus existing cash on hand.
SP is ridiculously low now (thanks to GF and shorters) for a Li producer with no debt, multi $millions of cash plus very low cost in production.
I can't think of any reason why CXO wouldn't become PLS2 in coming years..
CXO $2b vs PLS $13b (6x off), for now.
Of course, PLS wouldn't stop growing either.
Remember our main markets are the like of US, China and Europe, multiple x the size of ASX in market value..
PLS (then CXO) as a leading supplier, could keep climbing as EV grows rapidly.
PLS reaching $30-35b cap in coming years - is something I wouldn't be writing off.
How about CXO then? Happy with my $20k TopUp this morning at $1.03
Banter and general comments, page-14986
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $214.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $1.248M | 12.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 224 | 11947146 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1184525 | 11 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |