Banter and general comments, page-26393

CXO have just gone about it different to most Lithium companies and TBH I think it is the right strategy.

They had a government that was backing them in a stable country, got the mine up and running and are producing Spod less then 100km from the closest port in australia to Asia.

They drilled last year and increased resource 63%. They are drilling more this year without the need for a CR as they are printing cash. Safe the say the resource will keep growing.

They also have two minnow on their border that are hoping to hit a decent resource and then sell to CXO, win/win for both. No point waiting until you have 100+mT @1.3% and trying to deliver a mine with 20+ other developers. Just get producing, get a war chest and be comfortable that you will find enough in the next few years without having to CR.

CXO has a lot going for it, but also pretty easy to make it look average from spreadsheet engineers. This will change.