CAY 7.35% 7.3¢ canyon resources limited

One would certainly hope it's below $30.00 (AUS) and if we could...

  1. 88 Posts.
    lightbulb Created with Sketch. 23
    One would certainly hope it's below $30.00 (AUS) and if we could get it too around $ 25-$27 we could see a profit of $11-13 (AUS) per tonne and therefore 5 million tonnes per year at let's say $12.00 per tonne = $60 million per year so possibly a market cap of around $600 million. So somewhere around 90c to a dollar a share from stage 1 once we are debt free from start up costs.
    Now considering stage 2 could be good for about 20 tonnes per year then yes it's potentially a monster.

    Please remember these are rough figures and I have no doubt that some will disagree and that's fine as it's just a rough estimate that is AIMO.

    GLTAH
 
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