According to last announcement, Conglin Yue bought another 2m CAP at an average of 57.5 cents.
I am happy to top up at current level as he and his friends would buy more.
Current market cap is ONLY $32m based on a close price of 47.5 cents.
Within 3 months, CAP will have around $23m cash at bank!!!
Another $68m cash to come!!!
Although overall market will lose ground today, CAP may be in green.
The following info extracted from last company presentation:
Stage 1 :
Cash to CAP $5.0m(Incl non refundable paid$1.0m)
Exploration funding $8.0m
Stage 2 :
Cash to CAP $25.0m
Stage 3 :
Feasibility Study costs ~$20.0m
On completion cash to CAP $23.0m
CAP has free carried to production of 20mtpa
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