Exactly.
@Bunn-Wackett maybe it's time you sold your shares after holding for 5minutes?
Go and do some research.
Here is SF2THs post
https://hotcopper.com.au/posts/51260306/singleCompletely outdated. No mention of heap leach and assumed it would go through the concentrator at Nifty and would not be a heap leach operation..
By his calculations, running Nifty copper through the concentrator at a $1 profit margin (assumes asic of $3 and copper price $4/lb), expected a higher asic from MLX which he said was $2.50. CYM would make nearly 70m annualized profit on a concentrator operation.
Copper price now on its way to $5,
ASIC is now around $1.90 give or take 10c.
With the inclusion of Baz saying at this point in time there is nothing he foresees that will change this at the moment.
Do the math. Huge upside.
(20min delay)