Banter and general comments, page-27707

Eventually CXO will at least double based on solid cash flow and a half reasonable P/E ratio.

The only thing I see holding it back in the short to medium term is the resource size.

To be a multi-Billion dollar company, we really need 50-60M tonnes at over 1% a.s.a.p. to be a decent sized player globally.

Ideally, we need 100M tonnes to be in the top echelon of projects.

I'm sure they are doing this but the sooner they can drill DEEP for the down dipping pegmatites, the better.

LTR and others have either underground mines or a combination of open pit / underground. I think BP33 will be like this - so may as well go very deep to get the resource size maximised given they will be going underground eventually.

Until the resource size grows significantly and we are on the radar of the majors (for potential T/O), I don't think the SP will do anything meaningful until we have a few quarters of full production - probably end 2024 or so. Shorts probably know thins and hence are sticking around like a bad smell.

I am holding long as been here since 5 cents - wish I'd loaded up back then but was broke after the shellacking the Lithium market had just been through!!. But I have enough to be more than interested and I look forward to seeing this through - however long it takes.