Core lithium project, page-116

I'll answer that, since Alphastar doesn't seem to grasp the relationship between SP and MC. GLN have about 208 million SOI, or just a tick over one-fifth of CXO's number. If CXO had only 208M the SP would sit at around 39c at present. Depending what route is taken to finance the project there may well eventually be far more than 1B SOI, too, so those who dream of a SP of $1 and $1.50 in the near or even medium term should take that into account. Things are shaping up nicely for sure but wise old hands on this forum are keeping the lid on wild expectations, as shown by their recent postings. They know that there's a heap to be accomplished before profits roll in. My personal expectation is that there'll be no lithium assays before the second half of January, though there may be an announcement re visual assessments prior to year end. There may be something re gold-in-soil or rockchip assays shortly. There certainly won't be any major developments re gold drilling or sell-off/exploitation in the near future. All this will take time (and remember the wet season is in play until May). I very much doubt the DFS will be completed in Q1. It takes CXO a long time to produce resource upgrades, mining studies and DFS. I expect the DFS in about May. Shortly thereafter be prepared for management thoughts towards a mid year CR. So, as I said, things are shaping up well for 2021 but it's still going to require patience, especially through Q1 next year. Anyone who gets ahead of him/herself dreaming of riches within months is in my view only setting him/herself up for disappointment. Prosperity was the classic example of that! No patience whatsoever. Of course, there are wildcards at play that could change things dramatically, such as a near term significant revitalisation of the lithium price, signing of binding offtake agreements and financing arrangements. Any of these things will definitely spur the SP. In summary, I think those with long term aspirations and the stomach, grit and patience to stay the course will do very nicely in time. Those who who haven't got what it takes will likely push off disgruntled.