last reported 2016 486000 tons Cu at 1% ( Bulk of it in indicated) and 18000 ton Co at 380 ppm With a bit more drilling n new cut off to 0.25% Cu 1 m ton Cu in ground should be easy to hit Based on 3000m x 500 m x 100m x 0.5%/100% = 750,000 ton Cu add let's said CYM double the Co to 36,000 ton x $ 75,000 = USD 2.7 billion/ $9500 ( $4.31c /lb Cu) = 284,000 ton Cu Eq .Based on new grade of 800 ppm in new drill results instead of 380 ppm in 2016 report So CYM will have more than 1 m ton contains Cu in Maroochydore in the ground. This will be mine site No. 2. hopefully estimates 24 to 36 months after Niffy is minting $
CYM Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
