CYM

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2.6¢ cyprium metals limited

Coffee with Samso, page-42

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17/07/21

19:43

Post #: 54576261
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Originally posted by Bison8: ↑

I think that might be your point of view not the markets is it not?
CYM have been open about the SX-EW plant refurb/replace. This from the 11th of May announcement noting the completion of sale occurred on 31st March so this SX-EW news came out less than 6 weeks after CYM obtained Nifty.

The market knows the SX-EW plant has not been operational since January 2009 as per the February announcement prior to completion of sale from Metals X to CYM. So the major investors already know about the plant options since day 1.

Now I'm just spitballing now but here is a potential for any delays. Barry spoke about the drilling program at the Noosa Conference a few days ago and seems to be tracking along pretty well and have committed extra drill rigs to complete on time.
I'm sure Barry would be happy to add the extra tonnages for PFS as LOM would be significantly extended and improve NPV thereby improving economics.

The existing Nifty layout

and the new proposed layout which will require confirmation of the sterilisation drilling, but by all accounts is progressing well

Note: the western and eastern drill program and now compare to what Metals X were proposing

https://www.metalsx.com.au/copper/

Have a look at the Nifty Copper Operation - July 2017. There seems to be plenty of material in the western and eastern ends of the deposit.

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The market didn't like the interview and is reflected in the price.

CYM Price at posting: 24.0¢ Sentiment: None Disclosure: Held
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Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $39.67M

Open	High	Low	Value	Volume
2.5¢	2.6¢	2.5¢	$8.089K	311.1K

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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