CYM 2.04% 5.0¢ cyprium metals limited

Ann: AUD50M Secured Offtake Prepayment Facility for Nifty Copper, page-106

  1. 315 Posts.
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    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.
 
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