Great post there @ksvs Nifty alone has over a million tonnes of...

Great post there @ksvs

Nifty alone has over a million tonnes of copper(currently, they're finding more with each drill bit) and not including 91,000 tonnes sitting above ground in the heap leach pads. CYM has other tenements and combined over 1.6 million tonnes of copper valued at over $22 BILLION AUD (for a $60m market cap)

Looking at AZS (Azure) it's share price has gone from 10c to $3.69, market cap of $1.7 Billion. WA1 Resources had it's share price go from 16 cents to over $17 (yes a 100 bagger), market cap over $1Billion.

Neither of these companies are producers yet or had any revenue.

2-3 years ago on these threads myself and others put up our valuations of Cyprium. There were some very impressive posts. one included a DCF spreadsheet. The going rate then was circa $1 billion (with a copper price then of $12,000 AUD). The only things that have changed since then are an increased copper price, new board/ management and an increased JORC resource. We are a Brownfield copper company on the verge of being a copper producer. The copper boom has started already.

This copy and pasted from @Deme:

Trivia time.

Question:

How many Australian copper projects (development stage) have more than 1 million tonnes of contained copper at a grade above 0.75% Cu?

Answer:

One (Nifty).


Happy Days ahead