CXO…… what could go wrong?, page-15

I'm betting we can cross the t's and dot the i's. Just added 50% to holding and have a buy mid .30 to add another 50% if it gets that low on a late FID.
Took a small position in LTR with a long term view, I am not complaining, but I can not understand why that company has run up to a MC of over $3 billion when it still only at PFS without a mine approval and there will be a huge cap ex. needed to get it up and running. LTR is a bigger resource but when I compare CXO to LTR there has got to be a serious rerate soon. LTR is a bigger resource but with a bigger price tag and a bigger associated costs/risks. PSC (MC $178 mill) is another one that like CXO seems undervalued compared to its peers given the stage of development they are at. I think the market sees them as having a higher risk then CXO though but is giving a fair discount for that risk.

Core Lithium is definitely the pick of the bunch.

DYOR
GLTAH