Absolutely. If you believe in twelve months time that civilisation won't have collapsed and copper will still be in demand for all of its uses, it's a privileged to be topping up at these prices when you consider what the directors have paid.
The project has an IRR of 37% - which is crazy.
This was calculated off a copper price of $4.08 USD/lb and an AUD/USD FX rate of 0.75.
Currently the copper price is $3.92/lb. But the AUD/USD FX rate is 0.69.
Converted to the Australian dollar - the project was calculated at $5.44 AUD/lb. And despite the weaker copper price - due to the stronger USD, we are currently fetching $5.67 AUD/lb.
So in other words - CYM has maintained its margins. And the skies not falling.
Absolutely. If you believe in twelve months time that...
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Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 4.1¢ | $164.2K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 867805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 634685 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |