Absolutely. If you believe in twelve months time that civilisation won't have collapsed and copper will still be in demand for all of its uses, it's a privileged to be topping up at these prices when you consider what the directors have paid.
The project has an IRR of 37% - which is crazy.
This was calculated off a copper price of $4.08 USD/lb and an AUD/USD FX rate of 0.75.
Currently the copper price is $3.92/lb. But the AUD/USD FX rate is 0.69.
Converted to the Australian dollar - the project was calculated at $5.44 AUD/lb. And despite the weaker copper price - due to the stronger USD, we are currently fetching $5.67 AUD/lb.
So in other words - CYM has maintained its margins. And the skies not falling.
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Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $54.93M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $15.41K | 427.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 0.036 |
4 | 1136696 | 0.035 |
7 | 1173353 | 0.034 |
6 | 2205000 | 0.033 |
3 | 306999 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 30000 | 1 |
0.039 | 472983 | 3 |
0.040 | 200 | 1 |
0.041 | 439788 | 2 |
0.042 | 1175000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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