I bought into CXO this morning to add another early entry Li...

I bought into CXO this morning to add another early entry Li play to my PLS holding. Find it quite amusing reading the posts about 10c up and down post CR this morning... if it drops, buy more....197K/t production with binding offtakes for $150K/t at a C1 cost of mid 300s, no debt and resource upgrades and new projects available. Even with 1.6bn on the share register its still circa 2-3c EPS with material reserves and production upgrades when it gets to production and that is based on today's spod price never mind where it's likely to be in 2-3 years time. That puts a $1 in front with 10% EPS increase per year. In 18 mths a normal trading day will be up and down 10c. Risk is no longer about the financials of the project but about execution of the project..that was something that PLS absolutely nailed and what I would be looking to see from CXO management