yes, huge upside for this company and its lithium project given the current momentum of the Li sector.
ESS current resource of 11.2MT @ 1.21% isn’t too far away from CXO’s 14.7MT at 1.32%. CXO’s project is well advanced and their spod is of great quality, but still, ESS MC is currently 10% of CXO’s. So I think ESS could be a CXO 2.0 in the making. During this lithium bull run CXO SP was up as much as 359% the last month too.
And I agree, this stock is well undervalued and should have a minimum MC of around $50mil.
I think management are aware of what the lithium sector and lithium stocks have done over the last 3 months, so I too hope to see plenty of action at the Li project.
Plenty of cash too
IMO
GLTAH
ESS Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held