Increased tonnage is important as it will lead to an all important extension of LOM. An extra 5 - 8 mt is expected this drilling season.
However one thing that needs to be clearly understood is that we will double/quadruple NPV well before we double/quadruple tonnage. Simply because the cost of plant and preparations to production have already been included in the DFS NPV. So new tonnage margin goes mostly straight to the bottom line. This is especially so for Grants and BP33 expansion.
Long term only the low cost producers will survive and CXO is in that category and manly because of its sensational location..
Can't wait for a 'Fines' offtake. Will add a heap to EPS. High margin.
Increased tonnage is important as it will lead to an all...
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |