CXM 6.82% 4.7¢ centrex limited

I don't know anything about CXM, but I noticed the really high P...

  1. 249 Posts.
    I don't know anything about CXM, but I noticed the really high P (Phosphorous) levels. This is the most crucial deleterious element (or contaminant).

    It is my understanding that P levels of around 0.08% or below is considered to be marketable good quality ore (note the established hematite iron ore miners have P levels around here or less). Where they are a little higher than 0.08% they are usually blended with lower P level ore to get to that lower level.

    With P levels of 0.49% I am surprised that they can actually sell it, it is too high to be blendable. They must be incurring significant penalties on the prices they receive to offset the cost to the steel makers. Only during boom times would ore with such high P levels be able to be sold.
 
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Last
4.7¢
Change
0.003(6.82%)
Mkt cap ! $40.28M
Open High Low Value Volume
4.4¢ 4.7¢ 3.6¢ $126.9K 3.080M

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No. Vol. Price($)
1 7507 4.4¢
 

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Price($) Vol. No.
4.7¢ 17922 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
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