Snapshot
This project has 10 yrs mine life.
$100 mining cost
$110 median phosphate price long term.
$80 million capital
10% to 20% margin long term.
At this price the capital payback might be 2 yrs but at $120 ton the payback will be five years.
Technically they might have enough money to pay for the project with no meat left over.
Its a good gamble and an alternative to the poker machines.
low mine life capital risk
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Last
5.4¢ |
Change
0.001(0.94%) |
Mkt cap ! $45.85M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.4¢ | 5.3¢ | $24.72K | 466.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 173 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 108000 | 2 |
View Market Depth
| Last trade - 14.44pm 06/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.3¢ | 86622 | ||
| Last updated 12.40pm 06/05/2024 ? | |||||
| CXM (ASX) Chart |