Approvals, page-5

I've had a look at AEON Metals limited, ticker: AML. They are drilling their Walford Creek Polymetallic deposit comprising areas known as Marley, Vardy, Amy & Le Mans. Have a MRE estimate of total 39.3Mt at Marley/Vardy and 5.1Mt at Amy. Brings total resource to 44Mt
Marley/Vardy intersections at 275-400m depth so if ever mined would be down hole.
AML also presented at the Noosa Mining Conference showcasing their Copper, Cobalt, Zinc, Nickel deposit.
Marley Vardy 20.1Mt @1.08% Cu, 0.15% Co, 31g/t Ag with a cut off grade at 0.5% & Cobalt peripheral mineralisation: 19.2 Mt @ 0.25% Cu, 0.10% Co and 21g/t A
4th Aug AML did a share issue of 102,499,450 shares for 4c totaling just under A$4.1m
Yesterday closed at $0.027 with MC at A$29.9m

Yesterday CYM MC A$43.81m. Why is CYM even close to their Market Cap? Nifty has 95.1Mt @ 1.0% Cu. 48.7Mt in Measured containing 524Kt Cu. Maroochydore has 48.63Mt resource @1.0%Cu with 43.2Mt of that Oxide Cut off Grade 0.5%, which is easily leachable. Nifty has pre existing infrastructure onsite including gas powered electrical generators and concentrator. CYM did a CR with $17.6m cash in hand

I would estimate we have seen the low for CYM cause there is no way we go to EAON's MC level. If you take the cash out CYM is already valued less than EAON. CYM's current MC is just ridiculous.