Also another thing..
LPM's strategy has changed if you look at closely..
The company is looking much further than what CXO has achieved so far.
Comparing MRE of CXO and LPM at this stage, is absolutely rubbish. CXO is like 5 years ahead of LPM but had slow growth in first 3 years.
Having the massive (but detected) area along CXO tenements, LPM MRE wouldn't be nothing less than 50Mt and we all know that.
What Bin and team have been targeting is, outside of CXO's list.
Offtake, Mining, production, Uranium, REE so much more.
That's the clear reason why in recent presentations, CXO was mentioned only briefly.
With decent Uranium/REE asset coming on board, the company can overtake CXO much faster than what we originally thought.
CXO, even at its lowest - $250m MC by the way.
LPM is roughly $20m. Where will it be in 2026?
Do your math.
AIMO. DYOR.
Ann: Exploration Drilling for 2024 Field Season set to commence, page-6
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