when CXO starts producing and paying nice fully franked dividend the SP is highly likely to be more than double current SP.
my estimate is on payout ratio of 70% fully franked it could be paying a dividend of +0.20cps
With investment in LiO production I'm of the view this may be a $5 SP within 4 years as LiO structural deficit will remain for another several years.
Given the difficult in commissioning new production it's hard to see the LiO price in LT decline.
LOM beyond 20 years is a possibility.
DYOR and GLTA
when CXO starts producing and paying nice fully franked dividend...
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