Just because a resource is open, doesn't mean a) it goes on forever, or more importantly b) it's economic to mine, no matter how many times you bang on about it.
Here's a couple of E-W cross sections from the October 2018 DFS presentation, where you can see that while yes the resource is open, it is also getting deeper, so the strip ratio and mining cost is increasing. Also in the southern section it is going off to the edge of the mining lease which may or may not be problematic.
I'm a happy holder of CXM, and I look forward to making money off this company, but this blind, almost rabid optimism doesn't add anything useful to the discussion.
DYOR, I've done mine.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.19M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $15.77K | 750.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.021 |
6 | 761252 | 0.020 |
4 | 437000 | 0.019 |
4 | 166411 | 0.018 |
1 | 77888 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 200000 | 1 |
0.023 | 300000 | 1 |
0.025 | 137000 | 1 |
0.026 | 68034 | 1 |
0.028 | 10000 | 1 |
Last trade - 14.57pm 18/11/2024 (20 minute delay) ? |
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