Pretty much..
I'm still very confident in where CYM will be in 12 months time.
Despite copper sitting at USD $3.53/lb on the LME, the project will still generate ~$57m+ in profits per year once operational.
And if we're going off Shangai futures, where copper cathode is still trading at AUD $13,006/mt, CYM stands to profit $99.1m per year.
Should the economy recover over the coming 12 months, this figure could easily double - so there is still tremendous upside and a massive return on investment to be had.
In the short term - there's not anything meaningful to speculate on. I'm in this for the long haul - dividends from the targeted annual production of 100kt to 120kt per annum will make me a very happy investor.
Pretty much..I'm still very confident in where CYM will be in 12...
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Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 4.1¢ | $164.2K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 867805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 634685 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |