Subscale? CXO able to fund it's resource growth from internal generated cashflows.
CXO board approved enabling/surface works for BP33, $55m BP33 resource doubled . Exploration budget increased $35m.. CXO has $135m in the bank after $15m refund.. circa 70% gross margins after revised ASIC cost if Lithium price can hold around current spot price levels.. should able to fund BP33 mine development from internal cashflows..get clarity on this around March 2024.
If you listened to webinar.. GM mentioned that customers were giving him feedback of structural deficit in supply over the next two years..
Which can only be met from hard rock Li mining..current brine Li extraction process takes 18mths, makes it difficult to ramp up production.. How many hard rock producers coming on line within FY24? DLE will kick in fully in 2026 and is projected to meet 15% projected demand.
- Forums
- ASX - By Stock
- CXO
- Manderson needs to be let go
Manderson needs to be let go, page-134
-
- There are more pages in this discussion • 137 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1606055 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 110070 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1606055 | 0.083 |
9 | 552421 | 0.082 |
21 | 1635327 | 0.081 |
74 | 3001090 | 0.080 |
2 | 37659 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 110070 | 6 |
0.087 | 906456 | 10 |
0.088 | 884499 | 10 |
0.089 | 730081 | 6 |
0.090 | 1107191 | 19 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online