CXO MK CAP = $1.78B. Resource = 7.4MT @ 1.3% Li20 ( cxo's half year report )
ESS MK CAP = $88M. Resource = 11.2MT @ 1.21% Li20
Like For Like Comparison To Get To CXO's Value = + 1922% or $7 and change
When originally did the like for like on this thread the upside was up to: $2.71
Of course like of like comparisons cannot be as black and white, resource wise though ESS is not too dissimilar.
Yes CXO have a major partners now and they will be mining in due course. But if there's anything that looks cheap and out of kilter with current vals. Its ESS.
11.2MT @ 1.21% Li20 ( AND THATS JUST FOR STARTERS )
So 36cents on the dollar MAKES NO SENSE.
DT
ESS Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
