CXO (ASX) Banter and general comments

Originally posted by Kiwisfly9: ↑

You clearly haven't done your research because if you had you've know that this recent 100 million deal is multitudes more than what we've spent to date on drilling. You also seem to be a new face making the time to trash talk us, so I suspect you took time out of your day for more than "altruistic" reasons no?

Just to fill you in on the research and history you clearly never did, this company has always been concerned with organic growth, not borrowing money (hence why we have zero debt which is remarkable compared to many of our peers) and living within our means.

This meant only a piddly few million here and there which has been mainly CR'd off the backs of many of the people who frequent this forum is what driven this from a very small but very promising project to a 2 billion dollar company only 2-3 months from coming of age.

Our biggest drilling campaign to date is budgeted for 13 million and that was for NEXT year (before this 100 million CR was announced that was increased to at least 25 million).

We have an average LOM growth of 1.8 million in drilling per MT added and given we're sitting just under 20 MT's at the moment and BP33 alone is twice as deep, twice as wide and a whole lot richer at depth (nevermind our hundreds of other pegmatite targets at Finniss nevermind Barrow Creek), I'd say were gonna be sitting fairly pretty quite soon.

So come join us and promote how much potential we have rather than pathetically down ramp us and get seen through by everyone.

Core Lithium

* Almost 19 MT with massive LOM expansion soon to come just from identified targets
* First shipments off in the next 12 weeks, so cashflow is imminent
* Extremely low cost per ton producer
* Excellent quality spodumene with extremely low mica, iron and other elements that need to be separated, exceptionally lucky with our geology and very desirable from our clients
* Simple Gravity DMS set up because of how good our product is out of the ground (no pesky, complcated and expensive floatation circuits like in South America or chemical separations required like in WA with other hard rock producers)
* Only 70 KM from Darwin and closest port to Asia
* Hundreds of unexplored pegmatites just begging for the drill bit
* Gold at Finniss pegmatite tenaments, along with lead,silver,uranium,copper, tin and other projects.
* ZERO debt and no chance of going under on the foreseeable horizon
* Cashed up with a massive warchest for further expansion
* 80% of our first four years of production places with offtake partners
* Online auctioning of our remaining product just like PLS with their BMX system
* Record spodumene prices going for 7700 USD a ton for SC6 equivalent at latest BMX auction
* Imminent deal with Tesla to likely fund a Hydroxide plant for us by the end of the month
* Production easily doubled for approximately 65 million.
* Solid board of Directors who have performed extremely well
* Additional massive pegmatite field at Barrow Creek with rock chip samples testing as high as upwards of 4%

Our time is now!

Expand

basically we are going into turbo drive to get as much out, in as short a time, due to the amazing price lithium is at the moment.
also the share now look even more attractive.
As always this will be a wild ride with cxo

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(20min delay)
Last 9.1¢		Change -0.004(4.21%)		Mkt cap ! $194.4M

Open	High	Low	Value	Volume
9.3¢	9.5¢	9.1¢	$1.293M	13.98M

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