CXO in the lithium space has a similar vibe to FMG in the iron...

CXO in the lithium space has a similar vibe to FMG in the iron ore space in its early days...except CXO has zero debt and are about to be producing a resource with once in a lifetime supply and demand constraints that are expected to continue for many years as the global EV and lithium battery transition is realised.

Hopefully this past week is just the beginning of CXOs parabolic rise as new investors clue on to the company's potential and as CXO, like FMG competing with BHP and RIO, works to cement itself in the top three in the Australia lithium space next to PLS and AKE.

For a bit of perspective... FMG jumped from $0.60 in March to around $0.90 in July, 2006 and is now trading around $21. FMG has gone on to pay dividends of close to 3x their July 2006 price over the past couple of years. I am not saying it will play out exactly the same, but it is nice to be reminded of how looking beyond the short term noise and TA can lead to incredible results.

IMHO DYOR