Many people make investing in CXO so complicated. Either hold it...

Many people make investing in CXO so complicated. Either hold it or don't.
Recent pls auction was $7/t US. contract price around $5k/t. Company targeting production 170kt/year.
Using simple math
5000 -1000(cost)×170000= $680m US
$680 US = $1.05b aud. Market cap $2b. This is equivalent to pls having to earn $7b/y or Ake $4.5b/year.

1.Inflation. What about it? SP 20c last year, current $1.26.
2.Rising interest rate. What about it? Spot prices were $350 now $7000.
3.Charts. what about it? Fibs are lies. Fibonacci was an Italian mathematian interested in patterns of nature eg shape of bee hives, proportions of trees, spirals of shells. Nothing to do with SP charts.
Gaps? What about the gap between 1.26 and $2 or $2 to $3. What about gaps between the ears, filled with logic and common sense.
4. Why would CXO buy an explorer (a tenement with a drill rig) ? The company has many tenements, each time it drills on a new tenement, it adds a new company.

it's more than a commodity demand. It's a transition like horses to cars, tapes to CDs, weather board houses to bricks. EVs are here to stay, ICEs will be phased out. It's not just the tail pipe pollution but engine noise as well. Energy storages is needed while the sun is shining, winds are blowing and the dams are full.

Many millionaires were created in the last year, they were people that bought when others were selling.