CXO 0.00% 11.5¢ core lithium ltd

Ann: New Exploration Intersections Add to Finniss Potential, page-26

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  1. 2,979 Posts.
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    Probably a bit early to be making a call either way on these deposits yet. They are mineralised though.
    If they only get to mine BP33 and Grants in the end in this area and depending on the DFS figures which I think the PFS is reasonable in its assumptions feeding into it. Then this company would have to be worth $150m all day at least. Thats 5 times. Probably more.
    Alot of boxes to tick yet though to get to mining stage but progressing nicely.
    They seem confident they will build the resource size this year but it won't happen over night and there could be some duds along the way like Highlands.
    I am not counting on a major rerate until we start shipping. If its sooner it can come as a pleasant surprise. This mentally helps me see through the daily noise.
    Last edited by Brumbie: 19/08/18
 
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