why CYM is a Billion $ company in the making, page-587

Hey @FreeflyerNZ, unusually pessimistic but when your holdings are red and not giving too much joy, yep it sucks. Trouble with this market is its about the next big thing. Nifty is boring.

Barry did reply to me the other day but must admit I don't bother him much. And it was to wish him a good year anyway so hence the response.

The market wants to see the finance approval - don't think the border thing is what's holding it back. Nothing much else matters as this is the biggest risk - money will start to get tight soonish. Starting up the mine is complicated but not a huge risk IMO. These guys are experts so you gotta trust they can do that. I've worked as a lead consultant on lots of large projects and, yes they have many moving parts, but that's what experts are there for.

Baz did say a while ago that consultants are holding them up a bit but the design of the heap leach pads and the open pit enlargement, which are essential to getting the Project Management Plan approved, should be relatively straightforward to them. I assume they are doing some of this engineering design work in-house which can be done in Perth. Also needed to finalise the project cost for input into the final feasibility. So I understand them being anal about getting it right on so many levels given they have a bit more time on their hands.

Critical they get the Project Management Plan/Closure Plan into government in the next month to be able approval for construction in September. Not sure if they will announce that or not. We'll see. I think they have an environmental approval for the clearing of the pads for what its worth.

Anyway Baz did say to me that they will release the restart and finance announcements "as soon as they are able to". He's very frustrated with the Premier said don't hold your breath on opening any time soon. Unbelievable. Fly round the world but you can't land in Perth.

As you say, the delays are annoying. I suspect they underestimated covid impacts and maybe the complexity of the government approval processes - although they should be used to them, a ministerial approval is another layer of bureaucracy that probably won't help. But Nifty is jobs, so there is motivation there.

Opportunity costs are a bummer but I wouldn't put the capital I have into CYM to my other speccy stocks. I clearly see Nifty working, I have no doubts. If it does not happen for another 6 months, cest la vie. But there's lotta money to be made here so I'll forget the opportunity costs very quickly.

Cheers