The current MC of CXO is just over $400 million.
It would cost about that to replicate the mine and works done to date.
Hence for me, it's a hold.
Once prices improve, CXO will be ready to go and quite profitable again.
And given several mines are going into C&M and/or reducing production, it's only a matter of time before prices improve due less supply.
I'll see this one through I think as it doesn't seem like a great time to sell anything Lithium related at present - surely getting close to the bottom now for Li pricing.
GLTAH
Banter and general comments, page-35760
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $194.4M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.4¢ | 9.1¢ | $1.765M | 19.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 618024 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 285600 | 4 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |