Room for $5 million oversubscription according to this article.
So that makes $30m at 11c or about 270M new shares with 270M FREE options at 15c....
Pretty dilutive no matter which way you spin it. Oh and no debt finance locked in yet to make that at least somewhat palatable....
But offcourse...We can just look at an example from the Lithium market which just had the mother of all bull runs as a great comparison.
The reality is the upside here has been decimated due to delays and raises at very low prices. Early investors will have to wait a long time just to break even.
If the copper bull market happens like we all hope it's probable CYM will end up being a pretty mediocre investment seen from 2021. Not what you take the risks for in a junior mining stock.
But he, those institutional investors getting shares at 11c plus a free option, they still have good upside!
CYM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
