I have been doing a spreadsheet on all lithium cos for best part of 2 years and i am going to start accumulating a few and CXO is top of the list and will be one of my highest weightings . Hard to find anything too negative about this one . Q1 & 2 have a couple big boxes to tick milestone wise and then the only way is up . 73 mill capex seems a bit light on but even if its 100ish on decent credit terms with minimal dilution this still has 10 bag potential with only tiny MC atm . The takeover potential has to be of the scale as well , hopefully not though .
Ann: 121 Mining Investment Presentation, page-36
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