Banter and general comments, page-15547

I don't think CXO is that cheap ATM. Still has a few more things to tick off in regards to risk. Still need to get plant operational and decent recovery rates. For CXO to get to $4 it would mean a 7.4B market cap. Even if you did a 10:1 ratio on earnings that isn't possible until Hydroxide plant is operational. Don't get me wrong, would love to see $4 but i am a realist. Unfortunately it will take either time for CXO to save enough money to build or dilute the company more, which makes hitting that target harder. Hydroxide plants are very expensive and will take some time to build. Based on the fact that there is no feasibility study for Hydroxide then it's 3 plus years away. I know markets are forward looking but 3 plus years is a bit of stretch.

All focus is on the rapid development of the plant. From the pictures I have seen it's progressing well working 24hr days to expedite the construction of the plant. Some here think that mine open = production which is wrong. DSO will help in short term. same strategy PLS used.

I took a large position at the last raise and have tripled that since, so I am bullish on CXO.