Am I in the right place? I'm looking for the doom and gloom thread.
Canescot, 2 days ago, you wrote something about the share price being 28c in 2011. Now you think the company could run out of cash because you've forgotten what we're sending $800k trains to Richards Bay.
Khaliqs, your efforts to be conservative and not get carried away are commendable. Yes we should always keep our feet on ths ground. However, we should also give realistic examples and risks, and compare apples with apples. CMR is not one of them. A copper weren't they, trying to being online a low grade copper mine at early post GFC copper prices? I'm sure you are aware of the difficulties and economical risks of extracting low grade copper from ore. It makes open cast coal mining look like childsplay. As for cost capex, have you never questioned why a coal resource such as DeWitt is expected to cost $80m but large scale copper mines can run into billions of dollars. So on that note, do you have any examples of cost blowouts on opencast coal mines that have sent a listed company into administration?
Also, like Canescot you have failed to take into account the income as well as funding agreements in place and other debt options available.
High risk? No. I would say CCC is as low risk as one can get at this market cap.
CCC Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
