Ann: Restart Study Repositions Finniss Operations, page-347

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zara1950

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26/06/25

16:42

Post #: 79583734
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Originally posted by ThinkinLoudly: ↑

I wonder what CXO's enterprise value might be if spod6 forward market was US$700/t?; or maybe US$800/t?

I suspect any inevitable dilution will be less than that which might be appropriate if spod6 continues trading atUS$600/t.

My sense is that the CXO's resource is not being fairly valued now because (a) they've presented a hurdle to restore operations (approx $200m) and (b) operating producers are publicly bleeding because spod prices are US$600ish and the forward view, despite the hysteria, is not screaming US$1000/t any time soon ....

And perversely, for all the banter about being a basket case, in time they may well be lauded as strategy hero's if other domestic debt ridden high cost spod producers buckle under the weight of negative margins and debt loads. Only spod price can restore market cap in this market me thinks

Time will tell. However, I'm also betting that they will need to go to the trough shortly (...maybe late Q1/FY26...) for stay in business / standing still capex... that will hurt!

Have a great day.

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(...maybe late Q1/FY26...)

thats about right September or sooner , after the june Q there wont be much left , but if all operations are stopped there will be enough to pay the boys till the end of the year ,,, they have worked hard for it , lol im not quite sure how much work is involved in looking after a closed unviable mine lol

CXO Price at posting: 8.9¢ Sentiment: None Disclosure: Not Held
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