Share
252 Posts.
lightbulb Created with Sketch. 24
clock Created with Sketch. 06/09/18
10:45
Share
Originally posted by Mark77
↑
Agree nothing has changed and things only look better as the outlook for Lithium improves. Li concentrate prices forecast to be +$500/t, and with CXO's production costs at $278/t at 1Mt per year of production will result in +$220M in profit. Correct me if I my maths is wrong but I believe others have done the same calculation which indicates that CXO is a very good prospect. Sure CXO need's money to build the mine/plant and that will not be so straight forward and will come at a cost but surely a Mkt Cap A$25M is way undervalue.
Expand
if you mean $220m in profit every year, you are way off base.
(20min delay)