Peer comparison, page-11

Interesting. Here's a quick comparison. Feel free to discuss any other further differences.

AR1...

$89m market cap at 17.5c.

Backed by $17m cash.

Producing 10ktpa from Q2 2022.

ASIC of $2.40/lb

470.5kt of contained copper (46.5kt at 0.94% and 423kt at 0.70%)


CYM...

$110m market cap at 19.0c

Backed by $40m cash.

Producing 20ktpa from late Q4 2022.

ASIC of ~$1.91/lb

*1,196kt of contained copper (598.5kt at 1.51% and 394kt at 0.91%)

*Detailed break down
Nifty = 658kt of contained copper (598.5kt @ 1.51%, 37kt @ 0.86%, 23kt @ 0.74%)
Maroochydore = 486kt (90kt @ 1.66%, 394kt @ 0.91%)
Murchison = 51.5kt @ 1.9%
Nanadie Well = TBA
Paterson Exploration = TBA


Subtract cash, and AR1 is valued at $72m, and CYM is valued at $70m.

Aside from AR1 getting into production ~6 months earlier, I see little advantage.