Last quarter still had trial 5k shipments been shipped out to potential customers. This is inefficient by nature but obviously a necessary part of the DD process. They are now moving to 15k shipments. Then 30k.
This is a bulk tonnage operation. As tonnes go up the costs will come down.
They technically haven’t even started ramp of 1.5 yet we have ironed out a lot of the logistics/process already.
It’s a pretty basic operation.
Get funding via naïf
Get the tonnes up and the costs trending down (below $200 post 1.5 ramp)
Then pray to the phos gods for an ongoing solid price and we’re away.
Last quarter still had trial 5k shipments been shipped out to...
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Last
5.3¢ |
Change
-0.002(2.75%) |
Mkt cap ! $45.42M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.1¢ | $13.15K | 250.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 192855 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.002 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.3¢ | 5.1¢ | 74687 | ||
| Last updated 15.51pm 03/05/2024 ? | |||||
| CXM (ASX) Chart |