Copper is flying at ~A$13,500/t.. Even Nifty at these prices will print. CYM are funded (equity wise) to restart operations there and their vision as far as I can see is for 20ktpa SXEW leach operation for starters before restarting the concentrator.
Even if you said margins of A$5,000/t on 20ktpa that’s $100m pa it spits out, which probably justifies a CYM SP around A$1ps ($550m MCAP) in the future if that plays out. The value of MLX’s con note and oppies at $1/sh would be ~A$140m. Not bad for something that seems to be priced at zero.
Ann: Quarterly Activities Report, page-85
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Last
45.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $407.9M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 44.5¢ | $887.9K | 1.955M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 193405 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 108943 | 2 |
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| MLX (ASX) Chart |