Any market cap under 500mil isn't out of the question here, considering we are at 148mil now and PLL at 500mil or thereabouts. PLL 45,000T and CXO 75,000T of indirect offtake, it would seem more than possible. The probability of CXO surpassing 20cents in the near term is high IMO, which would give us just over 200 market cap.
regardless of the circumstances in any developers case, having and indirect or direct contact with Tesla is a massive boost of confidence. it would be a positive if Ya Hua could increase the Tonnes in its offtake agreement with CXO and also help fund the construction of the project( its in their best interest). The Capex is pretty low and the project was already in a prime location in terms of time efficiency . I don't think the prospect of CXO moving into gold could add much value now considering they have all the fundamental drivers they need!
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Open | High | Low | Value | Volume |
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16 | 800571 | 0.089 |
15 | 755116 | 0.088 |
7 | 205046 | 0.087 |
6 | 139088 | 0.086 |
Price($) | Vol. | No. |
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0.091 | 157551 | 4 |
0.092 | 11379 | 2 |
0.093 | 537685 | 8 |
0.094 | 483836 | 6 |
0.095 | 925269 | 9 |
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