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11.9%

4.7¢ cyprium metals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-50

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RAA205

49 Posts.

30/04/24

18:01

Post #: 73590879
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Originally posted by Deme: ↑

Wiser heads at the helm now that Barry Mango Mambo Cahill is long gone.

Creating early cash flow from the existing heaps - with minimal outlay - is 100% the way to go.

In conjunction with a clean up of the balance sheet, as previously mentioned by @RockstarJones & the market will wake up very quickly that this remains - by a serious margin - the most undervalued/best Australian-based copper development play on the ASX.

And the copper price is flying & closer to US$5/lb than US$4/lb. That $1.50 margin I mentioned a short while ago - when sharing my back of the envelope numbers - is indeed proving to be a conservative margin estimate.

Tip of the hat to all those investors who refused to throw the towel in. The equation is: decent asset + sunk capital advantages + minimal/modest capex to restart + quality management. The only thing missing here has been the latter. Zero margin for mistakes right now. Matt & Co must methodically execute their revised strategy. All the other pieces are in play.

I'll be doubling my position shortly.

GLTA.

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Creating early cash flow from the existing heaps- this certainly sounds like the way to go.

Have they published a timeline somewhere to judge when this would be or what are the estimates of early cash flow here?

CYM Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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