There's absolutely a case to justify CYM being valued beyond $2B in a couple of years.
Once again simplified... 3 x 25ktpa operations valued at ~$730m AUD each will fetch that price.
Barry in his recent interviews has been saying those new operations may be upwards of 50ktpa each.
(And with IGO's $32m in exploration, there's potential to operate a fourth mine.. but let's ignore that)
CYM would be sitting around a $3.5 billion dollar market cap if that eventuates.
Still a couple of years away of course - and first we need Nifty to succeed to show the world CYM's potential...
But sooner or later, when Nifty is in full scale production, the market will need to start pricing in those other deposits as they get developed.
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There's absolutely a case to justify CYM being valued beyond $2B...
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Mkt cap ! $54.93M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $15.41K | 427.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 415164 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.8¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 415164 | 0.036 |
4 | 1136696 | 0.035 |
7 | 1173353 | 0.034 |
6 | 2205000 | 0.033 |
3 | 306999 | 0.032 |
Price($) | Vol. | No. |
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0.038 | 30000 | 1 |
0.039 | 472983 | 3 |
0.040 | 200 | 1 |
0.041 | 439788 | 2 |
0.042 | 1175000 | 3 |
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