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18/01/23
09:06
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Originally posted by bond00what:
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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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6.5m costs - which is high for "1st bulk shipments 19,517 tonnes of ore via the Port of Townsville for the Qtr". .. thats break even volume but Closing stockpile levels at the end of December were 37,279 tonnes of mined ore and 16,087 tonnes of crushed ore. A total of 16,314 tonnes of product was dried and harvested. At the end of December, the drying pads contained 10,558 tonnes of ore. So there is more on the stockpile/in the production flow for those costs which makes me feel a bit better