yeah mate, LTRs MC might be 9x ours, but they are nowhere near turning that into an income/profit cashflow. I’m not sure what the trigger for CXO will be (resource upgrades, MMP, construction start, construction finish or production), but a company that can potentially make 110,000,000 US per year (based on current resource in the DFS) will not stay at sub 4c. The good thing here perhaps with LTR is that it shows that investors are returning to companies that have a ‘good story’ (AVZ also) - this shows that the general perception around the risk of lithium is dropping and that sentiment is turning. We just need some good announcements to get that focus on CXO. My numbers (ran a little while ago) were that in production we should be around 60c, and that doesn’t include a high confidence factor in the industry that will likely push it higher. The SP is similar to what others have stated also, so let’s see. I would really like to see an announcement today or next week.
