Ann: Change of Director's Interest Notice, page-7

The restart for CYM will be lower than $100m IMO, that is why they are investigating restarting the concentrator before spending any more money refurbing the SX-EW

The new directors have gone this way for a lower capex restart, it was stated that way.

Another stated reason for restarting the concentrator is, they can go to financiers with a much longer mine plan producing about twice as much copper as the "restart study" which relied only on SX-EW and a hope to be able to leach sulphates in the future.

@Trades4days you are right in comparing HGO with CYM, they both have significant sunk capital (CYM has a lot more) and written down losses for franked dividends in the future (HGO having no debt will paid franked divvies much sooner), CYM have indicated they will go for debt funding, HGO did a cap raise and was 100% equity funded. With the copper price above $4 /lb they will both be making truck loads of cash,

The only assumption we need to make is will the copper price get above $4/lb and remain there in the near future?