So it would seem, therefore, that the current market cap may be...

First 6 Last

Share
Profile

Follow
29101971

5,753 Posts.

322

13/10/22

11:50

Post #: 64177421
Share

Originally posted by Bison8: ↑

I've had a look at AEON Metals limited, ticker: AML. They are drilling their Walford Creek Polymetallic deposit comprising areas known as Marley, Vardy, Amy & Le Mans. Have a MRE estimate of total 39.3Mt at Marley/Vardy and 5.1Mt at Amy. Brings total resource to 44Mt
Marley/Vardy intersections at 275-400m depth so if ever mined would be down hole.
AML also presented at the Noosa Mining Conference showcasing their Copper, Cobalt, Zinc, Nickel deposit.
Marley Vardy 20.1Mt @1.08% Cu, 0.15% Co, 31g/t Ag with a cut off grade at 0.5% & Cobalt peripheral mineralisation: 19.2 Mt @ 0.25% Cu, 0.10% Co and 21g/t A
4th Aug AML did a share issue of 102,499,450 shares for 4c totaling just under A$4.1m
Yesterday closed at $0.027 with MC at A$29.9m

Yesterday CYM MC A$43.81m. Why is CYM even close to their Market Cap? Nifty has 95.1Mt @ 1.0% Cu. 48.7Mt in Measured containing 524Kt Cu. Maroochydore has 48.63Mt resource @1.0%Cu with 43.2Mt of that Oxide Cut off Grade 0.5%, which is easily leachable. Nifty has pre existing infrastructure onsite including gas powered electrical generators and concentrator. CYM did a CR with $17.6m cash in hand

I would estimate we have seen the low for CYM cause there is no way we go to EAON's MC level. If you take the cash out CYM is already valued less than EAON. CYM's current MC is just ridiculous.

Expand

So it would seem, therefore, that the current market cap may be a reflection on management?

CYM Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RML

Resolution Minerals appoints industry experts to fast-track US growth strategy

ASX Market Close: How a megadam in Tibet pushed us into the red

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

FBU

Fletcher Building 'exploring options' around construction division sale

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 3.3¢		Change 0.001(3.13%)		Mkt cap ! $68.10M

Open	High	Low	Value	Volume
3.1¢	3.3¢	3.1¢	$37.27K	1.170M

Buyers (Bids)

No.	Vol.	Price($)
2	54765	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	1545872	7

View Market Depth

No.	Vol.	Price($)
2	54765	0.032
4	232209	0.031
5	1316666	0.030
4	394859	0.029
7	587179	0.028

Price($)	Vol.	No.
0.033	1545872	7
0.034	695000	3
0.035	2357419	5
0.036	636666	4
0.037	450000	1

Last trade - 16.10pm 22/07/2025 (20 minute delay)

CYM (ASX) Chart

So it would seem, therefore, that the current market cap may be...

Resolution Minerals appoints industry experts to fast-track US growth strategy

ASX Market Close: How a megadam in Tibet pushed us into the red

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

Fletcher Building 'exploring options' around construction division sale

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

So it would seem, therefore, that the current market cap may be...

Top Stories

Resolution Minerals appoints industry experts to fast-track US growth strategy

ASX Market Close: How a megadam in Tibet pushed us into the red

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

Fletcher Building 'exploring options' around construction division sale

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News