If a small mine takes 16 months from construction to get into...

If a small mine takes 16 months from construction to get into operation for only 2.32kt of copper.. How long are some of these larger players going to take?


CYM could be open pit mining and ore stacking in just 12 months, with full scale production occurring in 15 months. There is absolutely nothing on the market that's moving this fast...

Furthermore - there's no developer on the market with less risk than Nifty. The project's already 75% of the way there. The operation just needs some refurbishment, replacement and upgraded parts. The pit's already open, with material accessible right now. The company has ~$20m cash with a current cash burn of $2-3m per month until financing is approved

There's minimal downside. We've got enough oxide to last 6.3+ years before we need to transition to sulphide. The payback period is only 3 years. So in other words - the project will pay itself off as well as bank $277m in profits - before we even need to worry about Sulphides.

Even if CYM calls it quits after 6 years, we'll all be walking out of here with a 360%+ return considering the current market cap of $76m. And at the end of it, we get to keep a potential 20+ year sulphide mine, Maroochydore, Hollandaire, Nandie Well, as well as the Patterson Exploration Project, for absolutely free..

As always. DYOR IMO.