Thanks s33k3r, CXO also had a floor price on their offtake agreements. Where that sits after the re-negotiation for the lower %spod will be interesting. But I can't imagine they'd have been too keen on removing those clauses, as they protect the company for exactly this scenario.
In addition, with recoveries up to around 59% last month, C1 costs could have further reduced, moving cxo down the cost curve.
Edit - Also worth noting that the $1889 figure included their inventory costs for this quarter in preparation for the wet season.
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