CXO

4.65%

9.0¢ core lithium ltd

Thanks Mr Plough, I always look forward to reading your...

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Champas101

458 Posts.

146

10/02/23

08:56

Post #: 66171967
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Originally posted by mrplough: ↑

I'm expecting turbulence over the next few months, but once the plant is commissioned and we're actually producing SC5.8 instead of tasty dirt, the market **should** give us more credit.

A question or two if I may about the supposed second plant being built "just down the road", for those in the know.

The Grants processing plant was meant to service all of the Finniss tenements, and be expanded if needed. Why would you build another similar plant a few KM away? Surely that makes no economic sense whatsoever.

Or does "just down the road" actually mean the version like I talk to my kids, when the destination is actually 5 miles away, and they mean Barrow Creek is going to be a mega resource of lower grade material, which justifies building another plant?

However big BP33 turns out to be (and I suspect it's at least 3-4 x the reported estimate already), I don't see why it would warrant another plant.

And for those who think Gareth Manderson should communicate more, I'm 100% with you guys. It's time for him to step up to the plate and show his mettle. Where are the charismatic presentations with Crux that we know and love for example?

I don't believe he's just a RIO puppet there to keep the company flatlining until it's producing, had a massive resource upgrade and is ripe for a takeover. But keeping investors feeling like they are being kept in the dark will lead to those kind of conclusions being made.

Or is he just the strong and silent type?

Or incompetent?

I feel like we were sailing so much better with SB trimming the sails, and now we are in the doldrums and there doesn't look to be much of a captain on deck.

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Thanks Mr Plough, I always look forward to reading your grounded, no nonsense insights with Core.

Would be nice to see @Kiwisfly9 posting as well. Missing his great input here.

I don't think it would be Barrow Creek as there has been no mention of drilling to date, so if there is talk of another plant down the road could that possibly be downstream processing?

Just a thought without any evidence whatsoever .

GLTAH

Last edited by Champas101: 10/02/23

CXO Price at posting: $1.04 Sentiment: Buy Disclosure: Held
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