Copper Price news, page-1226

Boy this tread reads like a treat!

I am as frustrated as anyone about the share price, lack of finance and critical of Barry's botched timelines.

But seriously we are trading at sub 60M AUD and have about a Million tons of contained copper across 3 projects with significant exploration potential and quite a bit of desirable land...Either of these projects could as a discovery propel an explorer past CYM's current market cap.

Now I hear a lot saying: Who is going to finance $250M in this economical environment? And obviously up until now, no one has.

But with CAPEX cost blowing out on all mining projects, how much would a company with no mine have to spend to get to the stage CYM already is? How much does an explorer still have to spend to drill anywhere near the resource CYM has, then do all sorts of studies and then build a mine from scratch???

CYM is actually a relatively low CAPEX project in a very advanced stage. Timing is not great at the moment...But I am yet to come across the first analyst to predict decreasing copper demand or predicting an supply glut...Meanwhile global copper reserves hit an all time low.

It might not look or feel like it at the moment, but I reckon CYM is actually in a very desirable position!

As frustrated as I am, I will just be patient and wait for reality to catch up with prices and investors.