Banter and general comments, page-20537

For those new CXO HC posters poo pooing CXO forecasting,

Here's a savvy forecast by a CXO LTH @Kiwisfly9 made on HC on 19/09/2021 Post #: 56191031

I think 2 billion plus by the time we are producing is very probable and that estimate does not include a positive outcome with the Gold. The yearly income alone due to the extremely high spodumene prices moving forward would breach 2 billion easy

At that time CXO had 1,547,909,928 SOI (as per Market Index). Kiwisfly9 $2 billion capitalisation by the time we begin producing valued CXO at $1.29 per share. CXO's sp closed at $1.21 .And Kiwisfly9 was being conservative.
Putting this in proper perspective, let's use the SOI at the time: Present MC / SOI = $2,230,000,000/ 1,547,909,928 = $1.44 per share.
OK we've had dilution with CR's but on the other hand we've had a much bigger increase in the price of Li. Assuming one balances out the other we can conclude that at $1.44 per share CXO is undervalued.