On a positive note - this removes the anchor which was holding the share price down. There's no longer any uncertainty regarding finance or future raises. Only 10% of the required funding was through a capital raise - an outstanding achievement.
This is the last chance for people to buy at a discount. If you don't get your fill, then tough luck.
And we all know that with the backing of Glencore, that this is making it into production. And come production; we'll be netting $80m AUD a year at these current prices.
Considering the average PE in the metals and mining industry is 14.6... We should fetch a market capitalisation of ~ $1168m if this was applied - which is reasonable provided we have a 30 to 40 year Life of Mine including the sulphide component.
CYM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
