Hey Kiwisfly9,
CXO has 1,547,909,928 SOI (as per Market Index). Your $2 billion capitalisation by the time we begin producing
will value CXO at $1.29 per share.
In my earlier post #: 55976413 Investment analyst, Chris Barry, reckons that Lithium's price will growth at 20% annually
until 2030. Why? Because Lithium is the only battery metal for which there is no substitute in the coming EV revolution.
Here are my calcs based on a sp of 33c as of Sept 10th. :
CXO SP2030 = SP2021(1+ 0.20)9 assuming 9 years compounding.
= $0.33(1.2)9 = $1.70
Using your sp of $1.29 and assuming that production begins in 2023 giving 7 years compounding, we get:
CXO SP2030 = SP2023(1+ 0.20)7 = $1.29(1.2)7 = $4.62
I like the fact that you are being conservative!!!
CXO is definitely a LT hold as the calcs show a potential 10 fold increase.
And to paraphrase Bob Hawke (if he were alive & a CXO holder) "by 2030 no CXO shareholder will living in poverty."
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