Wrong logic in my view Deme.
Avior are totally incentivized to obtain the best outcome for CYM. They will make far more $$ than attempting to throw CYM under a bus.
Remember Glencore sale to MAC last year for CSA Copper/gold mine for A$1.65 billion with the production of 40-45tpa copper concentrate, Sandfire spent $2.5+ Billion on acquiring Spains MATSA copper, zinc and lead mine in Sept 2021 with 2023 copper output expected to be in the order of 60-65tpa. CMOC is currently looking to sell it's old NorthParkes asset which is slightly smaller than CSA mine and pricing would be in a comparable range as CSA.
CYM expecting to be 25tpa from Nifty with 1/8th of the reserves(oxide) utilized in the restart study with potential 20+ yrs production beyond the oxide. Potentially the Nifty output could be the same as CSA mine with sufficient capital injection and therefore the valuation would be proportionate.
Ann: Board Changes, page-9
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Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 4.1¢ | $164.2K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 867805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 634685 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |