AU gov believes lithium spodumene will hit $4,010/t in 2023.
CXO has 10.6mt of ore reserves (proved + probable).
= $42.5 b
Assume 5% discount rate...still looking at $40.5b. Assuming prices go down to $3000/t you're still looking at ~$30b.
Current market cap = $1.95b.
Am I missing something? Seems significantly undervalued still.
Demand versus Supply, page-59
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Last
8.5¢ |
Change
-0.001(1.16%) |
Mkt cap ! $181.6M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.8¢ | 8.5¢ | $1.157M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 721293 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 223000 | 3 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |