CAY 3.85% 7.5¢ canyon resources limited

Ann: Rail upgrades in Cameroon facilitate Minim Martap project, page-13

  1. 1,634 Posts.
    lightbulb Created with Sketch. 326
    I don't think everyone has really got their head around how fortunate we are to have an already built rail way line that is being upgraded by others. Look at AKM's Ovoot coal deposit totally land locked in northern Mongolia. 10 years of no action. Look at Rio in Guinea with Simandoo. Held since 2002. SMB Winning just won the tender for $14b which includes a 600km railway for blocks 1 & 2 which the Guinea government took away from Rio for not developing them in time. Another land locked tier 1 deposit (iron ore). I repeat - $14b.
    If this existing rail line was not here in Cameroon this stock would be going no where. But it is. We as share holders are very fortunate that it's there. Development of the mine and port facilities is a piece of cake compared to building a rail line - approvals, tunnels, bridges etc etc. Its already there for us.
 
watchlist Created with Sketch. Add CAY (ASX) to my watchlist
(20min delay)
Last
7.5¢
Change
-0.003(3.85%)
Mkt cap ! $103.0M
Open High Low Value Volume
7.8¢ 7.8¢ 7.5¢ $21.07K 278.5K

Buyers (Bids)

No. Vol. Price($)
1 50000 7.3¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 3538 1
View Market Depth
Last trade - 14.32pm 12/07/2024 (20 minute delay) ?
CAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.