Excellent news with AR1s share price run. This will just put in stark relief the value that CYM represents.
We will be producing 2.5 times the copper than them. So whatever the market think they are worth, we are AT LEAST 2.5 times their value when producing. That would be $0.90 at today's price of AR1.
Trading halt may mean more good news. Funny, I did look at these guys a while but preferred CYM because of lots of obvious things.
Copper market is going through a step change because of the Cu price and EV revolution which has increased the value of copper in the ground. Think lots of consolidation of smaller copper explorers.
1 million tons reserve = $500m.
So the value of our existing JORC resources at 1.75 m tons would be $750m. That equals a SP of $1.25. Just for the value of the copper in the ground.
Think about that.
Cheers
Excellent news with AR1s share price run. This will just put in...
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $45.77M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.0¢ | $26.16K | 830.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 367731 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 288581 | 2 |
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| Last trade - 11.44am 22/08/2024 (20 minute delay) ? |
| CYM (ASX) Chart |