There may be better short term opportunities in the market.
And CYM mightn't do a whole lot in the next month. Or maybe even the next few months... But I'm highly confident that this will appreciate over time as we tick the boxes and near production.
My expectations are of a minimum 500% return on investment from an initial production target of 20,000kt pa....
Assuming a copper price of $4.24lb USD (current pricing), with an ASIC of $2lb, this leaves us with a net profit of $2.24 USD per lb.
20,000t x 2204 (lb per tonne) = 44,080,000lb per year. 44,080,000lb x $2.24 = $98,739,200 USD profit per year. $98,739,200 USD = $135,512,542 AUD
Now we can all clearly see there's a problem with producing $135m in profits per year, for a company with a market cap of $127m.
What if we expand upon this and produce 40ktpa or 60ktpa, as is planned?
CYM Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
