I'm doing the same, at the same time as topping up BRN. Funny how the market forgets that CXO is actually a producer and still reacts only on drilling results. The amount of resources will not be mined all at once and there is plenty of time and money for producers like CXO and PLS to keep on adding to their resources in the future. For a company like LTR which needs another $1B to become a producer and is now valued 3x for than CXO is quite ridiculous...yes, it has a large resource but I'm sure CXO will overtime have the same amount as drilling takes place...remember CXO has total monopoly of lithium in the whole of NT!!!...there are plenty of lithium players in WA...plus CXO will diversify into other minerals not just lithium so the risk is much lower than LTR or PLS which are pure lithium. To me CXO is a no brainer buy at these ridiculously low price!
CXO Price at posting:
96.3¢ Sentiment: Buy Disclosure: Held
