These wannabe lithium miners have all come out in the past week and requested they need 500 million to 1 billion dollars to raise money and debt to build their mines and their EV is 1 billion dollars excluding the raise and debt they need to build these plants. Plus their working capital and expansion of resources your looking more like 700 million to 1.2 billion dollar raise and debt
After the money spent this year by CXO we will still have 320 million dollars at the end of the year cash on hand and with the improved recovery and optimisation we have another 200 million dollars the following year flowing in to ramp up production and add to the 320 million. So you will have 500 million in cash to complete BP33 and upgrade Carlton resource and extend current mine life by another 1-2 years. Fully self funded to full ramp up and EV of 350-400 million absolute laughable share price is 40 cents your looking more like $1.20 share price right now looks fair value compared to peers.
Excellent announcement on Friday and a very bullish quarterly coming up.
(20min delay)