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20.0¢ xtc lithium limited

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MarioPizza86

116 Posts.

17

06/12/22

18:10

Post #: 65181515
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Originally posted by Minion32: ↑

So I'm probably wrong but my rough calcs are 7.9B shares + raise 3.3B shares ($20M @ 0.006) = 11B shares (for ease of calcs) so a fair bit of dilution. Current XTC MC $52M

LKE MC $1.4B (1.4B shares at about a dollar SP). so let's say XTC can get to 30% LKE in medium term is roughly $420M - so with 11B shares that'll be about a SP of $0.04 (4c). Bugger - maybe I shouldn't have done that calc lol

MC is the key but they'll prob consider a consolidation at some stage (or has that been flagged already?) - either way MC the key.

The market doesn't seem to value Southern Cross much in the equation but always a wild card To get to a circa $200M + valuation (MC) explorers seem to need at least a reasonable MRE (or high prospect of one which XTC appears to have a good prospect of at least)

If it kicks to 2c short term I'd be happy but it needs drills n assays hence why the $20M is critical to get through and past an MRE - so we might be a good 6 months out yet (IMO)

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The most amazing thing is that even if it goes to $0.1 I have no clue where to put that money if I'd sell it.

I think I would also need a cardiologist after paying the ATO

XTC Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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