The market only remember the poor quality ore body that cos the initial tanking of the sp at Grant.
The market does not care about the update increase in reserve to 58mt, whatever the amount.
all those figures are too little too late.
why, cxo out of funding soon.
Wont be able to prove if it can hit good ore, cos still shut down and wont restart. It operated during the peak of Li, and in that time did not hit any good ore body. As AFR reported, cxo had discontinue ore body and other issues
But, since you and yur 13 amigos believe in its excellence ore " highest grade in oz" - put your house on it and buy more cxo. You n yur amigos will be billionaires and can hang out with Gina Rinehart. Maybe convince her to buy a 10% or 20% stake in cxo. She very good at investing in falling miners like aru n ltr. With cxo, sp has already tanked, so little for her to lose.
From 1.87 to now 8.7c, it tells you the story of a poorly executed mine with bad management, poor ore quality, high cost and wall design issues, which lead to the initial tanking of sp and the rest is history.
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