To support my recent postings I did my own analysis and concluded, at the then SP of circa $1.70, CMM was being under valued. All projects have a life cycle (development curve) and for a mining project you have: initial exploration, PFS, FS, Securing finance, Construction, Commissioning, Mature Operations. You can then overlay the value creation curve - shows in percentage terms the relationship between the life cycle and the rising increase in the share price.
By my calculations the project is about 50-60% through the construction phase which equates to about 70% of the expected mature share price - when in operation. Based on the forecast production rate, current POG, the ER, debts, mine life and relativity to other gold mining operations, I am expecting the mature CMM SP to be circa $3.00. There is good probability that the current and planned exploration will increase the current proven gold assets. So 70% of $3.00 is $2.10 which means that the past high of $2.37 was an over shoot and the current SP of $1.65 is under valuing CMM.
Now PLEASE note that I am close to four score years of age and my brain is not as agile as it was in my younger days. I do the calculations to work out the value of my SMSF which in turn gives me an indication as to how long I can afford to live So there is a direct correlation between the POG and my expected longevity So JSS-2107 unless your personal circumstances mirror mine exactly, I strongly urge you to do your own calculations which I would be happy to read as a post in this forum.
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$6.01 |
Change
0.100(1.69%) |
Mkt cap ! $2.261B |
Open | High | Low | Value | Volume |
$5.94 | $6.01 | $5.94 | $6.681M | 1.114M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4290 | $5.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.01 | 1168 | 1 |
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No. | Vol. | Price($) |
---|---|---|
2 | 4290 | 5.980 |
3 | 8506 | 5.970 |
5 | 21406 | 5.960 |
2 | 8189 | 5.950 |
2 | 12334 | 5.920 |
Price($) | Vol. | No. |
---|---|---|
6.010 | 1168 | 1 |
6.020 | 12424 | 5 |
6.030 | 6503 | 2 |
6.040 | 14789 | 2 |
6.050 | 92300 | 8 |
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