Correct. It means when analysts run their DCF models they will be bringing forward both costs PLUS revenues. The upfront $$ spent on early works ($40-50m) will pale into insignificance when looking at 6 - 12 months improvement in initial cash generation.
Wait for the analysts to re-jig their models to see a tweaking of their target prices (for CXO share price).
This will provide positive momentum for our share price.
Ann: Approval for BP33 Underground Mine Early Works, page-8
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Last
9.2¢ |
Change
-0.002(2.13%) |
Mkt cap ! $196.5M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.6¢ | 9.2¢ | $931.9K | 10.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 870063 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 449898 | 9 |
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| CXO (ASX) Chart |