so many and if or buts here lol

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callumjk98

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27/03/24

18:55

Post #: 73089899
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Originally posted by SMT1994: ↑

I realised the link doesn't work:

GS reason 1

CXO appears relatively expensive trading at a premium on ~1.5x NAV (peer average ~1.15x) and an implied LT spodumene price of ~US$1,330/t (peer average ~US$1,315/t), with the lowest average operating FCF/t LCE on a more moderated/deferred production restart/ramp up.

reason 2

We continue to see production risk (in a steady state operation) as the Finniss project moves through ramp up on project complexity (moving between different open pits and underground configurations), though in the current pricing environment see risk that restarting mining at the Grants pit/ processing operations is less likely near-term with the mining contract terminated and notice given on the processing contract, increasing the risk of a longer gap in production.

reason 3
Though further exploration is underway (including revisiting the gold, uranium and base metal exploration projects), and while potential resource expansion could be promising, with resource extension likely at depth/from new areas, we see limited near-term upside, where further exploration is now also likely longer dated on falling lithium prices, particularly with a near-term restart of the operation now unlikely in the near-term.

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so many and if or buts here lol

CXO Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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Last 9.1¢		Change -0.003(3.19%)		Mkt cap ! $194.4M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.0¢	$816.3K	8.882M

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No.	Vol.	Price($)
21	1048195	9.1¢

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Price($)	Vol.	No.
9.2¢	505430	16

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No.	Vol.	Price($)
20	1014865	0.091
86	3878089	0.090
22	1574657	0.089
20	1268476	0.088
18	884614	0.087

Price($)	Vol.	No.
0.092	477478	15
0.093	329609	12
0.094	771836	12
0.095	410001	4
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so many and if or buts here lol

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so many and if or buts here lol

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