Copper spot has increased about 50c/lb USD since the placement...

Copper spot has increased about 50c/lb USD since the placement date. That's close to $30M extra profit for 20k tonnes annually, and may well be higher by March 22nd. For a company trading at M/Cap $150M (post issue).
If CYM can produce at $1.50 USD/lb that's 44M lbs x $2.70 USD = $119M USD profit per annum, or roughly $150M AUD.
So at 30c a share they will be selling (if they do) at a forward P/E close to 1, for a project with 20yr mine life and scheduled to triple over 5 years. Everyone likes a quick buck, but it would be very short-sighted to sell anywhere around those levels, surely? If they do I'll certainly be in the queue for more, since the potential is so huge here. 60kt per annum (for 20 yrs) with copper at what price in 5 years, $6? This puts the potential into multi-billions, and according to Barry, fully funded from earnings. Grabbing this infrastructure (worth $300M) for this price, along with the resource, is the key for me. Other companies have deposits, sure, but the dilution required to raise the capex is such a major hurdle, since copper is capex-intensive averaging $200M per 10kt production according to the Copperroad CEO interview I saw recently on *****.