CMM are in production and have more reserves. There is no reason why we can't get to around $1.5bn once we go into production, assuming the estimated geological model proves correct. I am not an expert, but all the various announcements seem to give confidence to the geo model. Our Capex outlay is small-change compared to NPV, and arguably we could/should raise via Debt rather than issue any more shares given how attractive the Capex/payout ratio is.
Ann: Group Mineral Resource Increases to 1.62 Million Ounces, page-9
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $219.7M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $327.8K | 2.049M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 367024 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 230000 | 2 |
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| AAR (ASX) Chart |