Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-24

ok, so for my smooth brain, break it down for me. CXM is going to be shipping, commencing this month, 10,000t at spot pricing, ramping up to 30,000t a month through the year. the updated DFS quoted 124.53 AUD operating cost, with FOB pricing at $135USD with an exchange of 0.74c.

now DFS's are designed to be conservative, but even if half the revised numbers are realised this thing is a cash cow.....

exchange rate = 0.70c.
FOB pricing =$320USD (even applying 22% discount to FOB to align NOV DFS assumptions to pink sheet Nov pricing, lets say a super conservative $250USD)
($250USD X 10,000t = 2.5M USD) 3.6MAUD - 1.24M OPEX = $2.36M earnings per month!.....

this is just the first few months and it will pumping out 0.05c EPS..... at the 30,000t its 13c......which puts it PE ratio in the "Crazy Value Category"..... wonder why the big churn recently, seems someone is getting ahead of the confirmation of crazy big numbers.