Banter and general comments, page-13459

Not quite. Need to Keep it real.
GXY was a leading lithium spodumene producer. 5th largest LCE in the world. They had a 5 to 1 consolidation at 50c, giving the SP at $2.50. This was shorted to 1.6 and J Lowry bought in. It then rose to 3.60 before shorted down to 70c during the covid lock down. Pls went from 1.40 to 14c. At this time spodumene was sold below cost under 380/t. A40 and Altura closed. After Gxy and Ore merged- AKE. The SP of lithium miners rose as the demand rose faster than supply driving prices to current at $6k/t contract. What you need to realise is CXO life of mine is already over 20 years (do your own maths). The new samples in at over 4% is equivalent to adding another 3 mines deposits of 1.5%, this and shorts needing to get the hell out will be driving the SP. Adding to this is the Tesla contract and hopefully another car maker. In less than 4 months CXO will be a producer with a chemical plant in the pipeline. The Biden policy means chemical in Australia and battery made in US a matter of when not if, it already has the national project status. The government knew of the deposits already. CXO has the task to prove, measure and mine it.