CYM 2.70% 3.6¢ cyprium metals limited

Hey @seaman91, love your work.We will be plating copper by...

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    Hey @seaman91, love your work.

    We will be plating copper by February next year, just not selling it (commissioning lol).

    But seriously, what are the greatest near term risks to this project to get to production ??

    OK, here we go (in generally descending importance):

    1. Finance - looks to be slam dunk. Never say never, but this is going to be closed out soon. So we can say medium risk but more likely low.
    2. Government approvals - they are all renewals not new. So risk is low. Might be curly conditions, but that's just business as usual.
    3. Execution risk. Includes not getting parts/long lead items. Company is mitigating this by ordering/paying for long lead items out of current capital. Heap leach and pit works are standard engineering/construction, low risk, they have good consultants on the liners etc. Execution - these guys have done it before, not a massive job, consultants are now being freed up to keep up with work demands. Low risk overall.
    4. Staffing/skills shortages - this was a higher risk a few months ago, seems to be easing. Probably mostly low risk but there might be some gaps.
    5. Plant problems/metallurgy issues - these are really just general operating risks that can be managed by an experienced team.

    Can't really think of any other major risks. So, once finance is secured, this is a very low risk start up imo. Of course there will be irritating issues crop up but it is full steam ahead once finance is there. Really, this is a pretty simple mining plan in the scheme of things.

    So, your reticence is understandable, but if you do a really cold calculating analysis of it all, then the risk of a delay is overall low. F ups will happen, but these guys are zeroed into getting copper plate into market. That is the biggest risk mitigation that you could hope for.

    Cheers
 
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