Great post Tinhat, hopefully we can all get back to posting content like this rather then mud slinging and personal attacks.
let’s not get ahead of ourselves here and assume finance is a done deal, but assuming FID is made what is a fair value for CYM in relation to the NPV? Of course as shareholders with a vested interest we will always think it should be higher then what it probably is…
however the NPV % attached to a green fields project probably doesn’t suit Nifty as we don’t have the risk associated with building a camp, airstrip, mill etc, so we should be further along the valuation curve.
Obviously it’s a little old now and based on incorrect debt figures but it’s worth looking at the note that evolution capital put out earlier this year with the added sulphide valuation and how that may effect how people value the project. These figures also need updating as they don’t include the existing heap leach pads, the resource upgrade due which will reclassify some waste as treatable ore increasing the mining inventory or any optimisations of the leaching process that Barry has alluded to. However this will all need to be offset against rising costs and other unforeseen issues.
At the very least you would expect that we would follow similar performances to those below I’ve taken from BGL presentation(although gold developers it’s a good guide)
Also worth noting that the ASX is very short of copper pure plays that have a reasonable production profile, long mine life and that actually make money… add in a little copper FOMO in the market and we could be in for a pretty nice ride over the next 12 months( difficult to imagine it could be worse then the previous 12 months)
Happy new year all,
Hopefully it brings hopefully this time next year we are discussing plant commissioning and exchanging recipes for celebratory Mango mambos.
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Last
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $62.51M |
Open | High | Low | Value | Volume |
4.0¢ | 4.1¢ | 4.0¢ | $126.4K | 3.159M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 37000 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.1¢ | 2674996 | 9 |
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No. | Vol. | Price($) |
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1 | 37000 | 0.040 |
5 | 871230 | 0.039 |
4 | 190540 | 0.037 |
8 | 1452110 | 0.036 |
8 | 1292500 | 0.035 |
Price($) | Vol. | No. |
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0.041 | 2674996 | 9 |
0.042 | 1751129 | 6 |
0.043 | 1115569 | 5 |
0.044 | 914518 | 7 |
0.045 | 1101952 | 5 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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