Given all the action that happened today, I thought I would compare Cxo and some of our particulars against our producing peers. As we know, our tonnage doesnt quite compare to those of our peers, but in the aspects below we seem to definitively be holding our own.
the categories are:
- actual/estimated cost per tonne - resource Li20 - resource Fe203 - current outstanding loan(s)
cost/t
Li20%
Fe203
Loan
1
A40
$774
0.96%
0.72%
$42mil
2
PLS
$782
1.27%
1.2%
$143mil
3
AJM
$581
1.04%
1.5%
$185mil
4
GXY
$573
1.28%
1.2%
$0
5
MIN*
$621
1.37%
1.56%
???***
6
MIN**
$97
1.17%
2.75%
???***
7
CXO
$444
1.30%
1%
$0
* MIN - Mt Marion ** MIN - Wodgina cost of DSO. Wodgina look to be making about $66/t profit on their DSO *** I couldn’t be be bothered figuring out MIN’s loans
Cxo are in the position to learn from the experience of their peers. A40’s debt caught up with them, PLS and AJM’s might too. Cxo have no debt; BOO with Primero could be a great move. Cost per tonne is quite low compared to our peers. As they say, those with the lowest costs survive. We got the grade, we got the low Fe203.
We got the flexibility, we got the time
IMO
GLTAH
CXO Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
