Banter and general comments, page-1757

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RumJungleNet

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16/04/21

12:20

Post #: 52517255
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Originally posted by mho25: ↑

Why do you think it will be $1.50? That's a market cap of $1.8B

If they mined abosultely everything they think they have, it's around $2.4b @ $700/t 6%spod, minus ongoing costs of $1.2b, minus the cost of each site (so far only 1 site of $85m or maybe more if we go deeper so expect this x2-3 for all reserves), minus tax, minus royalties, etc. This leaves like $400M-600M over 7-10 years (which seems right given 5.7Mt/1.x%spod had a NPV of 100-200m).

If cxo get 20Mt from some more drilling on existing sites (ie no extra capex) AND the price of spod goes to 800 then it's like $1.84B over 7-10 minus tax (so close to $1B maybe?).

I guess if you think the other assets are worth 700M+ then perhaps we could get there. Otherwise, we'd need to double reserves and have a li price over $1000/t conc - which may well happen!

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So you think CXO will actually pay royalties? To the NT government? Under the current Mining Act?
Thats hilarious

CXO Price at posting: 26.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 12.0¢		Change 0.010(9.09%)		Mkt cap ! $257.1M

Open	High	Low	Value	Volume
11.0¢	12.0¢	10.8¢	$1.358M	11.84M

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No.	Vol.	Price($)
21	1248052	11.5¢

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Price($)	Vol.	No.
12.0¢	3565987	50

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No.	Vol.	Price($)
21	1248052	0.115
29	2065546	0.110
58	5663216	0.105
97	6648470	0.100
8	175882	0.099

Price($)	Vol.	No.
0.120	3545987	49
0.125	3727555	41
0.130	1541508	32
0.135	1024051	14
0.140	1084977	19

Last trade - 16.10pm 21/07/2025 (20 minute delay)

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Banter and general comments, page-1757

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