Strip back fundamentals and why are you selling a company that spends on average $1.92 in discovery costs per ton and currently spending 25 million dollars on increasing resource size and discovery meaning Carlton and BP33 combined coming up will be a 40 million ton deposit. That puts automatically over a billion dollars just on a derisked resource. The mine is already in development and we have 400 million in dollars worth this year to spend on whatever we want and the EV excluding cash and equity for an advanced derisked 40 million ton resource for 150-200 million dollars ahahah laughable
So what are the Shorters shorting that’s left in CXO piss all. It’s going all the way through 70 cents and towards $1 because that’s where fair value is in regards to discounted spot price and resource size.
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