Obviously the Gold could show a lot of promise and our other minerals could all pull in substantial amounts of value on their own in future years but still I am sincerely left gobsmacked how our shares languish the way they do versus where they should likely be when you consider the rest of the market.
FID is weeks away. We have not a dollar of debt. We have the CAPEX covered to pay for the mine and start producing and tens of millions in the piggy bank for drilling Finniss to swiss cheese. We have all the permits and required paperwork. We have just signed the mine services contract with Lucas for construction and running. We have done environmental studies as well to ensure that our end-user customers can slap an ethically sourced lithium sticker on their cars. We are going to be one of the lowest-cost producers in the world and have Darwin Port and all the support we could ever need on our doorstep.
Short of us growing the total resource size to something above 25 year LOM (Which I sincerely believe is a matter of time anyway and could be hit next year before our first shipment hits China) we are a Royal Flush (or at least a Full House) and the market is acting like we only have pair.
41 cents is an absolute bargain. How many traders who got into PLS or Galaxy wouldn't buy more now if they could turn the clock back to their equivalent price. How do traders just not get it?? This thing screams at least another 5 bagger.
CXO Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)