CXO 6.98% 20.0¢ core lithium ltd

Why aren't we a $500m MC company yet?

  1. 1,610 Posts.
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    Here's your answer:

    Despite the Gold field being sized up and showing huge potential, and the Lithium project which will earn $150m+ p.a. free carried within 2 years, we are where we are. $256m MC.

    Considering our developmental stage, that's actually very realistic and I'd say (begrudgingly), about right.

    But then looking around, I shake my head. You see companies like LTR at $700m+ MC even though they are years away from producing (but fantastic reserve - wish I'd bought in there years ago), AVZ who have the biggest sh*tload of Spod out there, but it's a stranded asset in the middle of war torn Africa, 1000+ km from a port, and sitting at $560m MC (the equivalent of TON and their hopeless Graphite project which will never get off the ground).

    In 3 months' time, things will be very different. When we prove up 30MT and the Gold is looking a goer, we'll be there.

    Have a great weekend.

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