Cxo shareholders shouldn't be stressed. The mine is outside of...

Cxo shareholders shouldn't be stressed. The mine is outside of Darwin, its still all there and six months to production. Highest SP value was around $1.50, at today's close represent a 26% decline. Those that got in below today's close are in green. Asx lithium stocks are currently sitting at only a quarter of its real value. To measure value we need look at two current OZ lithium producers. Take PLS and AKE, their current SP value is equal to their 2021 December quarter. In their December quarter price for Spod was $1600/t and $12000/t for chemicals. Current spod contract is $5000/t and $45000/ t for chemicals. H2 2022 spod is expected to be $6000/t and $50000/t chemicals. 8×t of spodumene is required to make just 1×t of chem. There need to be many more operating mines right now to meet demand end of 2023. From mine to battery is 12 months. 2020 was world covid lockdown, 2021 was partial lockdown. The current 2022 lithium demand is for filling back orders. Lithium production for 2022 is for deliveries of EVs in 2023 at the earliest (27% CARG) hence the waiting list and quick sell out of EV models. To understand Lepidolites lithium, look at LPD, there are no magical supplies. At least 12 months of survey and drilling, another 12 months to build the mine, total 2 years if they start today. Understand your investments before you commit, don't go by others opinions.