CXO 3.09% 10.0¢ core lithium ltd

That is laughable... why would ramp up to nameplate take so long...

  1. 4,655 Posts.
    lightbulb Created with Sketch. 468
    That is laughable... why would ramp up to nameplate take so long for a concentration process? If we were producing chemicals, yes that could be the case, but not concentrating ore to spod.

    Once again, as evidence by GXY back in 2017, they achieved steady state production in under 2 months (10kt first shipment, 14kt second shipment). And their nameplate and operation size was the similar to ours.

    https://hotcopper.com.au/data/attachments/5231/5231104-68dd4ad1e4abc9a0adfa46772217f08b.jpg
    https://hotcopper.com.au/data/attachments/5231/5231081-9ca6741d8c404308b6cf471f6e0436aa.jpg
    They also announced they were hitting full nameplate, 3 months later. And this was 6 years ago in 2017!
    https://hotcopper.com.au/data/attachments/5231/5231111-307c2375a19e978e3838ca86f260d898.jpg

    Production and shipping are separate concepts, and perhaps some have been confused. It's normal for a company to produce as much as it can from the outset, and keep some spod as inventory
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
0.003(3.09%)
Mkt cap ! $213.6M
Open High Low Value Volume
10.0¢ 10.5¢ 9.8¢ $1.017M 10.17M

Buyers (Bids)

No. Vol. Price($)
18 705671 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 3682738 53
View Market Depth
Last trade - 11.34am 11/07/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.