At first i was a bit underwhelmed - i looked at the numbers and CXM is still making a loss ...
...but
after a good read, its actually a very positive Qtr
"0.353M was spent on development costs relating to Stage 1.5 and long lead items"... take that out of the expenditure and CXM broke even for the Qtr
"1st bulk shipments 19,517 tonnes of ore via the Port of Townsville for the Qtr"... thats break even volume
"Subject to weather events, the Company is targeting to sell approximately 26,000 tonnes of product in the March 2023 Quarter, and 45,000 tonnes in the June Quarter."
Thats a nice ramp up as the company fine tunes production
prices for phosphate rock continues to be stable
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1.7¢ |
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0.000(0.00%) |
Mkt cap ! $14.74M | |||
| Open | High | Low | Value | Volume |
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| CXM (ASX) Chart |
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