Update from my valuation comparison to CXO in August 2021. Figures now JAN 2022. We haven't moved. YET.
CXO MK CAP = $1B. Resource = 14.7MT @ 1.3% Li20 ESS MK CAP = $49M. Resource = 11.2MT @ 1.21% Li20 (lots of room to grow that)
Like For Like Comparison To Get To CXO's Value = 2040% upside for ESS ( was 1134%) or $4.38 PER SHARE ( was $2.71.)
ESS is a JORC'd resource, nothing pie in the sky. They also have a lot of exploration upside across their tenure. Conservatively 20Mt looks easily achievable
ESS Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
