Agree nothing has changed and things only look better as the outlook for Lithium improves. Li concentrate prices forecast to be +$500/t, and with CXO's production costs at $278/t at 1Mt per year of production will result in +$220M in profit. Correct me if I my maths is wrong but I believe others have done the same calculation which indicates that CXO is a very good prospect. Sure CXO need's money to build the mine/plant and that will not be so straight forward and will come at a cost but surely a Mkt Cap A$25M is way undervalue.
This is just my opinion and my optimism which is why a bought some more yesterday
CXO Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
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