CXO

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11.5¢ core lithium ltd

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Stu360

1,338 Posts.

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22/06/22

09:12

Post #: 62128294
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Originally posted by Kiwisfly9: ↑

That expected revenue is why I simply will not sell atm. It just does not make sense to pull the rip chord when the project is finally getting close to unlocking huge amounts of revenue. Revenue which could double production (and therefore revenue again) for a measly 50 million dollars. Or fund a Hydroxide plant to triple or quadruple that figure again.

Hell even if that analyst from Goldmans was correct (he's not but thats besides the point) about the spodumene price dipping to 3K USD the yearly profits after tax and expenses would still be in the several hundred million range not including the above upgrades.

And given most industry pundits are picking continued climbing prices, I can certainly see in our first year of production after tax and expenses a profit margin closer to a billion dollars than further away. Assuming Stephen Biggins statement that we will get near spot price is correct which I certainly think given how close he keeps his cards would not be uttered in a formal interview unless it was the case.

The panic in a few short months might end up looking a bit overblown even if the economy does end up tanking a bit. One thing is for sure, if recession does come, people are gonna be looking for highly profitable companies that are making money NOW and I feel like we could ride that wave as an entity so close to production with no debt as well.

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good to see Kiwisfly9 back in town!

CXO Price at posting: $1.01 Sentiment: Hold Disclosure: Held
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Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $246.4M

Open	High	Low	Value	Volume
11.5¢	12.0¢	11.3¢	$1.220M	10.57M

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No.	Vol.	Price($)
110	6252092	11.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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good to see Kiwisfly9 back in town!

Buxton projects new graphite province discovery at WA Narryer play

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good to see Kiwisfly9 back in town!

Top Stories

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