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2.70%

3.6¢ cyprium metals limited

So there's the first 3 year's production covered, without even...

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09/06/22

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Post #: 61916647
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Originally posted by Frangipani8: ↑

I just read the Evolution Apr report
It said that the past owner was Aditya Birla Minerals Ltd.
In India , Aditya Birla is parent of Hindalco Industries Limited. Its copper smelter is one of the world’s largest custom smelters at a single location

the then owner was focused on producing a copper concentrate fromthe underground mine to feed its smelter located in India.N they left behind 17.16 Mt @ 0.53% Cu (~91,000 tonnes of copper metal in the heap leach)
91000 ton Cu x 85% X US$9000 = US$696m
at 85% recovery = 77,000 ton of copper.

This ores in the heap leach will be the low lying fruit to pick first for CYM.
CYM only need to recrush ores to 20 mm size N move these ores to the new heap leach location.
The sized, crushed, and screened material will be transferred to an agglomerationunit before being stacked to a height of 6m.This revenue should helps pay down the $250m finance.

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So there's the first 3 year's production covered, without even touching the original 6.3 year LoM material in the restart study? And all, presumably, at a much smaller cost to produce?

CYM Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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