CXO is going around the project the right way, eager to earn an income as early as possible whilst lithium price is climbing. I know of many lithium exploration companies that are supposed to be Tier1 spend lots of money and time to build up their reserves, such that when they get to the production stage it would have taken a few more years. Typically of these are those situated in Africa where they have country or geographical risk. CXO can start production next year and they will be in the meantime looking for more lithium, organiccally or through merger or acquisition. CXO now do not have to rely upon capital raising, it has everything in place, debts free.
CXO Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
