Copper Price news, page-405

Thanks for that. I always enjoy reading those more realistic bear numbers.


Given that the C3 cost is $2.82/lb, or $6215USD/t...

• At $9415USD/t, CYM would be making $112m AUD per year.
• At $8500USD/t, CYM is still making $80m AUD per year.
• At $7500USD/T, CYM is still making $45m AUD per year.
• At $7000USD/t, CYM is still making $27m AUD per year.

The current average PE in metals and mining is 14.6x.

So the appropriate market caps would be around; $1.6 billion, $1.1 billion, $657m and $394m AUD.

Considering the current Market Cap is $87m AUD; I don't see CYM as a losing bet.