Ann: Significant Visible Gold Intersected in Extensional Drilling, page-6

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seaman91

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22/12/21

16:14

Post #: 58466460
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Originally posted by chilledpain: ↑

Hey mate - glad to see another new name showing some interest. Been following a few of your comments on the CYM threads over the past few months actually.

- No issues with management.
- Great team on the ground.
- Excellent recoveries for both copper and gold. (Minerology similar to SLR's Deflector)
- Low AISC.

Hard to know why there is so few eyes on it at the moment. Potentially the following having an impact (at a guess):

- Number in the ticker (Superstitious folks? Have had comments from a few people people saying they stay away from anything with a number in the ticker... go figure)
- Number in the ticker stuffs up the Twitter searches and tags? (unknown if this actually has any impact - but assumption would be yes from a sharing / tagging point of view)
- Kaolin was one of the deposit names. This was brought up by a few people I had spoken to as they glanced over it thinking it was another ADN type play = Kaolin explorer. (MM8 changed the deposit name to Gem on the last ann which should fix this issue if it was one)
- Market sees the static 674koz number at a glance and overlooks the additional resources that are already drilled yet to be added to the global MRE?
- Market does not consider the copper component and it’s impact on ultimate profitability? (as not included in feasibility study – this will change on the next study)
- Gold just not on the radar for many?

Personally think this one is being overlooked / missed. I wouldn't be surprised if the market wakes up after the MRE and weighs up the EV/Resource values (penny drop).

Not sure if you're on Twitter but there's a Geo that goes by the name SpadeofGlory that is all over this one also. Worth a follow for his take.

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I appreciate the in-depth response mate!

from what I can see it looks like it's worth a punt!

CYM had been abit of a short term struggle, but the 12-18 month view looks really really good.

yes I follow him on twitter and it's what actually attracted me to MM8

MM8 Price at posting: 21.0¢ Sentiment: Buy Disclosure: Not Held
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Ann: Significant Visible Gold Intersected in Extensional Drilling, page-6

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Altech launches CERENERGY prototype in Germany, with early tests proving positive

Battery Age Minerals launches field campaign at Austrian Bleiberg lead-zinc-germanium play

Triton snaffles 588 square km gold-copper play in Mozambique

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Ann: Significant Visible Gold Intersected in Extensional Drilling, page-6

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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