Thanks for the welcome Stelep7.
Yes they put 19c in the short term and 30c in 18-24 months. There are higher predictions (up to 60c) by other analysts that are on CXM's website that you are no doubt aware of. What attracted me is they look to have done most of the hard work of ramping up production, It would look like many of the challenges of the past are behind them. I know of other analysts that are seeking out similar opportunities where:
a) the resource is known and can reasonably easily be extended and demand is growing.
b) all infrastructure is on site. This is very valuable in the current market
c) a competent workforce on site
d) close to free cash flow
e) Off take arrangements seem solid
f) They seem to have robust, experienced management (most valuable)
g) Further opportunities for growth
So it would seem they are in a sweet spot for growth.
I am looking forward to the ride.
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