CYM 0.00% 2.6¢ cyprium metals limited

I think that might be your point of view not the markets is it...

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    I think that might be your point of view not the markets is it not?
    CYM have been open about the SX-EW plant refurb/replace. This from the 11th of May announcement noting the completion of sale occurred on 31st March so this SX-EW news came out less than 6 weeks after CYM obtained Nifty.
    https://hotcopper.com.au/data/attachments/3369/3369331-39dab78b182be11e79d66df3fe99b20e.jpg
    The market knows the SX-EW plant has not been operational since January 2009 as per the February announcement prior to completion of sale from Metals X to CYM. So the major investors already know about the plant options since day 1.
    https://hotcopper.com.au/data/attachments/3369/3369382-734c003a6cee39e0f81085822975b7ea.jpg

    Now I'm just spitballing now but here is a potential for any delays. Barry spoke about the drilling program at the Noosa Conference a few days ago and seems to be tracking along pretty well and have committed extra drill rigs to complete on time.
    I'm sure Barry would be happy to add the extra tonnages for PFS as LOM would be significantly extended and improve NPV thereby improving economics.
    https://hotcopper.com.au/data/attachments/3369/3369394-c1aa4e0f35e92511fe48476ef640773f.jpg
    The existing Nifty layout
    https://hotcopper.com.au/data/attachments/3369/3369397-3f299e3dc626f8b9b85a0ebe51e9b088.jpg
    and the new proposed layout which will require confirmation of the sterilisation drilling, but by all accounts is progressing well
    https://hotcopper.com.au/data/attachments/3369/3369401-44e73fe9087a69926757c4287e6cf336.jpg
    Note: the western and eastern drill program and now compare to what Metals X were proposingsmile.png

    https://www.metalsx.com.au/copper/

    Have a look at the Nifty Copper Operation - July 2017. There seems to be plenty of material in the western and eastern ends of the deposit.






 
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