According to the restart study CYM AISC is 2.82 USD/lb at 3.82 USD/lb CYM is making 1 $/lb for over 55 million pounds pa. Most analysts believe the copper price will be 4.82 USD/lb by the end of 2023 hence IF Bazza can hold onto his mouth guard and keep swinging long enough to pull a rabbit out of the hat, CYM could be making 110m USD EBIT in twelve months time.
HCH will get shut down by civil unrest just like the mines in the bordering country Peru.
There is plenty of profit making 25 ktpa of cathode in a stable jurisdiction. I wouldn't touch HCH with current political situation in Columbia. CYM is a safer bet than HCH and that is saying something right now!!!
Ann: Nifty Copper Project Restart Financing Update, page-155
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $45.77M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 2.9¢ | $51.84K | 1.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 741909 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 1331502 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CYM (ASX) Chart |