cash backing about 24c per share;
- There 75 mln in cash to be held by 30th of June 2011
CXM need to spend funds on :
Port 75-80 mln ( chinese contribute half)
Water plant ? mln
Electricity plant ?mln
there are no JORC resources yet;
I would not buy at this level but looking at progress;
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CXM
centrex limited
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Last
1.7¢ |
Change
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Mkt cap ! $14.74M |
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