Australia's largest stock trading and investment forum Australia's #1 stock forum

CYM

Click for more information

4.55%

2.1¢ cyprium metals limited

Ann: Nifty Copper Project Restart Study, page-43

First 43 Last

Share
Profile

Follow
hotuna

1,984 Posts.

486

05/04/22

10:50

Post #: 60654420
Share

Originally posted by Da12kl0rd: ↑

Under the performance shares, I overlooked this section here;

Now why is that important?

Because by working backwards from Nifty's current timeline we can get a rough idea of when Mine 2 will commence construction. This is the options expiry date. If management want these shares, they need to achieve this by May/June 2026. It's a deadline.

This is my low quality extrapolation of what a reasonable timeline to meet this deadline looks like using Nifty's timeline. This assumes they include a 3 month safety buffer to achieve the equivalent of 50kt+pa.

But this also assumes they'll achieve this at the latest possible date. Given the fact the other deposits are very shallow, and CYM will have a bucket load of free cash flow at it's disposal;this could be achieved in a much shorter period of time.

Anyway, just thought it was interesting.

Expand

I for one would be extremely disappointed if the 20 day VWAP of 50c share price was not be achieved by end 2022 let alone 2026. That cluase makes the production of 50,00t pretty much irrelevant, wouldn't you agree?

CYM Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

PFE

Pantera begins drilling of maiden test well at Smackover

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

First 43 Last

Add CYM (ASX) to my watchlist

(20min delay)
Last 2.1¢		Change -0.001(4.55%)		Mkt cap ! $32.04M

Open	High	Low	Value	Volume
2.3¢	2.4¢	2.0¢	$36.46K	1.750M

Buyers (Bids)

No.	Vol.	Price($)
1	70958	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	1232490	4

View Market Depth

No.	Vol.	Price($)
4	515000	0.020
1	375000	0.019
2	305550	0.018
1	325000	0.017
2	357191	0.016

Price($)	Vol.	No.
0.024	1232490	4
0.025	1197803	2
0.026	499385	3
0.027	312721	3
0.028	309406	2

Last trade - 16.10pm 07/11/2024 (20 minute delay)

CYM (ASX) Chart