I agree with you,multiple options there with CXO once revenue steadily coming …..People worries much about lithium price movement and I was worried too.But after the small research I understood lithium mine need lots of money to reach in production stage.If price do not stay in a decent high then no investors will be there to expand any lithium mines.Temporary price drop is a trick for investors to get in quality mining companies .Same thing happened in Oil price drop last year and stock price for oil companies recovered before oil price went up…I am not sure about the calculations how much BP33 can produce once its approve.In my view when I am comparing CXO with PLS, PLS approved P1000 expansion in March and CXO will approve BP33 in September , only 6 months difference.So CXO willbe walking behind PLS in production.Shorters like low share price to do their daily play and they do their cheeky business.When positive news arrive about lithium then it will shoot up and that’s for us.
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Price($) | Vol. | No. |
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