'not viable at any price..' eh? They told us the historical break even price in the last report, and the price of spod is going up at 1 to 2% each day ATM. Won't be long before back in the making good money zone if this carries on. That $100m plus in the bank didn't come from a lucky punt on the lotto, they were making money not that long ago.
Yes lithium is everywhere, but the trouble is its sparce - so you mine where you are getting the highest percentage out of ground for a profitable mining cost, the exact point of profit differs per mine over time. The mines with low cost points and operational monies in the bank will be well positioned to recover quickly and meet the market demands - CXO is certainly in that space I reckon.
As always DYOR.
Banter and general comments, page-37490
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |