its all about cost of production.IGO,PLS etc. have low cost per tonne . These companies are making money at low prices.CXO cant produce economically at low price points. Hence the shutdown. That is why these companies are out performing plus they pay divedends.
jex
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10.0¢ |
Change
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Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $251.3K | 2.473M |
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| No. | Vol. | Price($) |
|---|---|---|
| 63 | 4398422 | 10.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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| CXO (ASX) Chart |