@yatchy - .... I bought a few last week.
After much consternation... I have come to the realization, that CMM will likely get valued similarly to GOR. So...
CMM could easily double once successfully into production. Plus... unlike GOR who have already spent $50m trying to find their next project, but have had no luck, CMM has basically spent $0 so far on their surrounding tenements. For me the odds favor CMM.
I still think the stock is highly valued, but... the market says it will pay a lot more, for a low cost producer with 10+ year mine life (realistically, CMM already have 15 years with small modifications to the main pit).
Looking forward to seeing what their 20,000m of air core find in the coming months.
Ann: Diggers and Dealers Presentation, page-2
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Last
$6.45 |
Change
-0.050(0.77%) |
Mkt cap ! $2.435B | |||
| Open | High | Low | Value | Volume |
| $6.52 | $6.52 | $6.33 | $6.623M | 1.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 360 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 5940 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CMM (ASX) Chart |