Very good decision. Only small operation can have this flexibility. No point to mine and losing money at this market condition, although cost is $904, still not far away from the sales price. I believe other mine should do the same soon, unless they like losing money for every ton they produce.
Cash of $200 million and resource upside potential and ready to restart operation whenever the market turns.
Best Enterprise Value at $350million.
Very good decision. Only small operation can have this...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $435.0K | 3.092M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 1229973 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 4365131 | 53 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
0.000 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| 14.3¢ | 14.5¢ | 14.0¢ | 3350539 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CXO (ASX) Chart |