this is cheap. market cap to the right $325m. PLL's is $869M. Arguably PLL should be higher as have the resource in the USA, but the discount shouldnt be more than say 30%. Both have similar amount of lithium. That gives CXO a market cap right now of around $670M. Thats around a double from here just for the valuation side and not the EV growth side of things(daily pumps).
Expect a big up day coming when more news $ hits. e.g. expanded the lithium resource. further offtakes. development. etc etc.
$1 party, page-229
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |