Core Lithium (CXO) — Finniss restart
Core Lithium looks like it’s getting off the bench and warming up Finniss again. They’ve bulked up reserves, raised some fresh cash, and are talking like they’re “well-capitalised” heading into a restart call. The underground plan should mean longer life and a cleaner cost base, but let’s be real—the next thing that actually matters is the FID. After that, it’s all about the nuts and bolts: where lithium prices settle, what kind of offtake terms they can nail down (index-linked or not), and whether the ramp runs on time instead of tripping over delays.
My read? Near term this isn’t a fireworks show, it’s a slow grind higher if the drip of headlines breaks their way—FID, a credible buyer, visible site work—assuming the lithium tape doesn’t roll over. Stretch the lens to a year and the stock can re-rate in steps if they sign a serious counterparty on sensible pricing, keep capex on script, and hit the simple sequence of mine works → first ore → first shipments. Miss one of those boxes and the market will yank the punch bowl pretty fast.
If you’ve got reliable spot spodumene/LiOH prints or a fresh deck link, drop them here so we keep one clean, verified thread. Discussion only—not financial advice.
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