Hi Bison
My aim wasn't at all to make any detailed predictions and I didn't make any.
Its just a simple conclusion that you will get a much better (closer to reality) result when using the fully diluted MC vs EV in the case of a company like CYM that still has huge growth in front of it. The $50mil at hand currently will be chump change when they are producing 20kt copper per annum let alone 60kt per annum.
And yes all funds are likely to be spend pre production with them taking about getting credit on top.
So your EV is correct but doesn't have much value at this point in time if you want to estimate future share prices. If my logic is flawed please point it out. Always happy to learn!
Hi BisonMy aim wasn't at all to make any detailed predictions...
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.89M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.5¢ | $134.4K | 3.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 129590 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 1138858 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
3.5¢ |
Change
0.000 ( 2.78 %) |
||||
| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.5¢ | 927833 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| CYM (ASX) Chart |