To be frank I wouldn't touch it with a barge pole.Recycling is...

To be frank I wouldn't touch it with a barge pole.

Recycling is necessary and will likely be supported into existence but look at Copper or Silver, ever heard of a recycler making good money?

Dependent on very high prices, not just high but VERY high, they'll get attention at record high commodity prices but can't make money through the cycle.

I may be wrong but recycling is something I haven't looked at in detail so this is just an adhoc opinion, I like companies that own the resources in the ground and mainly the lowest cost producers, CXO is quite speculative compared to most of my resource plays, it will absolutely not under almost any circumstance become a long-term holding, at present I actually like that they're not mining and depleting the resource for no shareholder gain.

Decent resources in the ground as well as decent exploration upside potential and production facilities that can be used across many different feedstock options in future making up for the short current mine life.

Ps: I should stress I know almost nothing about the particulars of LIT, if you've done you're homework and are comfortable with their prospects then you should have confidence in your research.