Q1 results showed recoveries of 50% at a grade of 5.0%.
Post PFS metallurgical testing using DMS results of 79% recovery at 5.5%.
That explains a fair chunk of the cost blow outs. 40% drop for a lower grade.
Subsequent testing demonstrated that a DMS circuit can easily produce a 6.1% grade at recoveries of 69%.
That is the challenge of CXO. To get the recoveries and grades closer to earlier DMS testing.
Even a 30% improvement from here would see CXO trading.
Its a huge knacker up that needs to be sorted pronto.
Banter and general comments, page-35739
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |