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CYM

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3.3¢ cyprium metals limited

When you need the lenders tgen they will throw money at you and...

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The Chook

4,928 Posts.

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27/08/22

19:23

Post #: 63362506
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Originally posted by Bison8: ↑

https://reneweconomy.com.au/ev-explosion-has-only-just-begun-says-copper-giant-as-it-fights-off-bhp/amp/

The miner giving itself until the end of the year to decide whether to spend over $1 billion dollars to exploit a giant nickel and copper deposit in the Australian outback that would run on green power and supply critical materials to the EV and renewables sectors.
The company wants to build its West Musgrave mine and related processing facilities able to churn out 26,000 tonnes of nickel and 32,000 tonnes of copper a year by leveraging 100 per cent renewable energy generation to meet a looming supply shortage facing renewable vehicle and equipment makers.
The case for developing the mine at a cost of around $1.1 billion “is getting stronger, not weaker,” Cole said.

So OZ Minerals is going to spend $1.1 Billion for a mine roughly twice the output of Nifty

CYM require a total of $260m for half the production and less than a quarter of the cost. Where does the greater value lie?
Why are financiers not lining up to throw funds at CYM? Nuts.

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When you need the lenders tgen they will throw money at you and when you do they play hard to get,

CYM Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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Last 3.3¢		Change 0.000(0.00%)		Mkt cap ! $50.35M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.2¢	$17.05K	517.7K

Buyers (Bids)

No.	Vol.	Price($)
2	47272	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	289495	2

View Market Depth

No.	Vol.	Price($)
1	32121	0.033
3	630677	0.032
4	333300	0.030
4	540248	0.029
3	732061	0.028

Price($)	Vol.	No.
0.036	289495	2
0.037	430829	2
0.038	421845	2
0.039	441000	2
0.040	451062	2

Last trade - 12.46pm 04/10/2024 (20 minute delay)

CYM (ASX) Chart

When you need the lenders tgen they will throw money at you and...

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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BCI reaches close of funding facility for salt-first part of Mardie project

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

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

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When you need the lenders tgen they will throw money at you and...

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

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

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

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