Personally, I would 100% prefer CYM get into operation faster and at half the cost.
We know the historical production costs are approximately $1.90lb. With copper sitting at $4.40lb, I couldn't care less about a slightly higher ASIC long term. Lets pump out 20ktpa (44,100,000lb) and earn $110,250,000 per year while copper's hot.
CYM can then go ahead invest this into additional modules to improve efficiency, reduce ASIC, and substantially increase production.
If copper stays at these levels, or increases, let CYM throw this $110,250,000 profit into a brand new plant capable of an additional 20ktpa. Boom. 40ktpa. Then go ahead and mine the much more profitable Murchison Copper project and Nandie Well. Snowball these profits by reinvesting and producing 40ktpa, then 60ktpa, or more in the future.
This is effectively how CYM will execute their strategy of becoming a mid-tier copper producer in the next few years.
Whether CYM achieves a billion dollar market cap isn't the question. The real question is - how many billions will the market cap be.
We all just need some patience...
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Personally, I would 100% prefer CYM get into operation faster...
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Open | High | Low | Value | Volume |
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10 | 868076 | 0.040 |
5 | 150563 | 0.039 |
3 | 425431 | 0.038 |
2 | 363513 | 0.037 |
Price($) | Vol. | No. |
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0.044 | 544417 | 3 |
0.045 | 595823 | 5 |
0.046 | 852892 | 4 |
0.047 | 722907 | 3 |
0.048 | 541111 | 2 |
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