Absolutely. $100m is beyond a joke.
Even if you wanted to double the shares on issue and completely fund this through a massive capital raise, we're still grossly undervalued. Almost nothing seems to be priced in at this level. Nifty? Doesn't exist. Maroochydore and Hollandaire? What are those?
CYM is effectively priced in as some kind of WA outback tourist resort. We offer scheduled flights on our airstrip, luxury accommodation, and fantastic food at the Great Sandy Bistro. Our friendly guide Bazza will showcase some of the best local fishing spots... Lol.
Barry said it himself in the interview; to build a mine of this size new, the comparable cost would be $400 to $600 million.
Absolutely. $100m is beyond a joke.Even if you wanted to double...
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