Topped up again this morning, risk reward is looking pretty...

Topped up again this morning, risk reward is looking pretty good!

Worst case - Finance falls through. We're left sitting on some of the largest undeveloped copper resources in Oz, and one of the bigger players makes a takeover
For context, HAV are selling their flagship project for about $200 mil to OZL, and have similar amounts of contained Cu as us (at a lower percentage too and pretty substantial CAPEX costs)
Therefore, could be looking at a takeover/buyout at about $0.2 per share, or 400% upside, though may be a wait in C and M for this to happen, and again this is maybe worst case

Bestish case - Finance comes through soon, and a big debt/equity package comes along with various facilities
This gets us mining and selling Cu plate by early 2024, right as the copper crunch really hits. Even if Cu prices stay exactly the same as they currently are, we'll have revenue of roughly $250 mil (25,000 tpa at about $10000/t), and hopefully earnings of about $50 mil (at about $2000/t margin), minus interest payments - This all assumes that copper price doesn't spike, as most analysts seem to expect
This should value CYM at about $250 mil MC (5 X PE), or $0.3 /share, which is a pretty juicy 600% from here, and then hopefully some divvies rolling through as they make bank

Just some general, more positive musings from the hefty negative diatribe that's currently swirling around!

Let me know if some of my calcs look horribly off, this is real back of the napkin stuff!