Cheers for the reports JSS.
I was pleased to see that Cannacord actually discussed how important the recent plant upsizing was to the production profile for CMM.
133k p.a for the first 3 years, is a big boost compared to the DFS.
The update read really well.
The 250k on the ROM pad to date is a great outcome, with it likely further bolstered by the time the first pour occurs (I would prefer to see at least 1 full month of ore on the ROM, so... closer to 400kt). As ramp up will, be a matter of increasing the amount of ore going into the plant, it seems logical, that the ROM will meet my (1 month of ore is what I believe most in the industry view as being a requirement for ensuring that any issues due to weather, equipment etc can be mitigated).
Though to be fair, they have already blasted a further 300kt, so... it could be argued, they have over 7 weeks of ore ready. I guess this is what can happen when you have a proven team developing a project.
What really impressed me, was the in excess of 4mt of ore grade controlled! 1 full year of ore. I don't think I have seen that in any developer to date.
Finally, very pleased to see they have recruited their full workforce (I have no doubt, it was exceedingly challenging to do so).
I fully expect CMM to give Gold Road a run for their money in the coming years.
- Forums
- ASX - By Stock
- CMM
- Ann: Commissioning Underway at Karlawinda
Ann: Commissioning Underway at Karlawinda, page-3
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMM (ASX) to my watchlist
|
|||||
Last
$5.24 |
Change
-0.225(4.12%) |
Mkt cap ! $2.012B |
Open | High | Low | Value | Volume |
$5.35 | $5.41 | $5.23 | $920.9K | 173.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 509 | $5.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.24 | 3764 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1306 | 5.230 |
13 | 5874 | 5.220 |
15 | 22511 | 5.210 |
9 | 20528 | 5.200 |
4 | 2856 | 5.190 |
Price($) | Vol. | No. |
---|---|---|
5.240 | 1913 | 5 |
5.250 | 4124 | 15 |
5.260 | 12756 | 12 |
5.270 | 5842 | 10 |
5.280 | 5440 | 9 |
Last trade - 12.46pm 25/07/2024 (20 minute delay) ? |
Featured News
CMM (ASX) Chart |