I like this analogy, FMG and CDU used it successfully :-)
Ok, this is why I think CCU will be a multi-multi bagger.
The only pure silver market play on the ASX, no other company has the following points going for it…
* Market Cap is ridiculously low – approximately $8 million dollars
* Low number of shares on issue – 117.9 million shares
* $3.6 million in the kitty for feasibility and extra drilling
* Feasibility study underway for a 3.3 million oz per annum mine (this would make it the 13th largest silver mine in the world). Feasibility will be covered by existing cash, about $1.8 million)
*Potentially high margin $6.25 AUD ounce operating cost, with silver around $16.50, margins are $13.50 per ounce.
At $13.5 per ounce & 3.3 million ounces, $45 million profit per year!! Every $1 increase in the price of silver increases their profit by $3.3 - $4 million.
* Moving towards 100% ownership of project (excluding 2% smelter royalty)
* Top 20 shareholders own 70% of stock
* Low start-up, $21 million cap ex.
* Recent 40% increase in resource from 31.4 to 44.3 million ounces
* Can be up and running in 2011.
- Forums
- ASX - By Stock
- CCU
- the new force in silver
the new force in silver
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online