I guess this why there will be Lithium deficits for some time to come.
The BEOT pencil in 100% production and perfect recoveries from day 1.
But the reality on the ground is quite different - with mines needing time to ramp up and improve recoveries.
Every start up lithium mine makes less than expected and costs more than expected.
But CXO are now a profitable business and profits will grow over time as they ramp up and improve their plant.
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-16
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $235.7M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $217.6K | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 71 | 8095002 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2120356 | 12 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |