Smaller market cap LLL will be churning out 1 million tonnes of 6% in 3.5 years and at a cost of $700 AUD Vs $1100 here at CXO.
So which is the better medium term investment, CXO or LLL?
Why do you need to be patient if you are already in CGT discount land with CXO? Doesn't it make sense to redeploy your capital where it will appreciate the most? Could always circle back here in three years when first dividends might be on horizon.
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-27
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8.3¢ |
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Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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