Whilst I've been largely absent from these forums as I've been on vacation overseas these past few months; keeping up to date with everything has been interesting, and I truly appreciate the constant posts and updates from everyone..
The recent rerate is likely attributed to a combination of a copper price, exchange rate, and the likelihood of finance news dropping end of January / sometime February. Realistically, should finance be successful; these prices are gonna be seen as an absolute bargain in 12 months time.
Currently copper's $4USD/lb, and with a solid FFX rate of $0.69USD per AUD (or $1.45 AUD/ USD).
CYM's annual production of 25,000t converted to lb = 25,000x2204.6 = 55,115,000lb per year.
Assuming costs have increased from $USD $2.82/lb to $3.00/lb...
We can expected roughly $55,115,000 USD per year; converted to AUD, that's $79,916,750 per year...
Now; this is off a $1/lb margin. Should copper increase to $5/lb, this figure's simply doubled to $159,833,500 per year.
Personally I'm still very bullish on copper going beyond $4/lb in 2023/24. Furthermore, I believe Bazza and the team's operating knowledge can bring C3 costs to USD $2.82/lb, or maybe even lower; so there is plenty of margin with the aforementioned figures.
An appropriate market cap for ~$80m upwards to $160m a year would be $800m to $1.6billion in favourable economic conditions.
At a minimum however, we can effectively double AR1's currently attributed market cap to arrive at $305m. (CYM producing 25,000tpa versus AR1 producing 12,000tpa). Now there are some major differences, which is why I assume this to be a minimum valuation, such as CYM's superior LoM and CYM's upcoming Maroochydore or Murchison Copper projects; each of which are potentially viable 25,000tpa+ mines.
tldr; minimum 41c per share price based off AR1's current valuation; or upwards of $1.09 to $2.19 per share in favourable economic conditions; purely from 25,000tpa production... Double, triple or even quadruple these figures long term (Potential is 80,000tpa to 100,000tpa; see below).
Time stamp: 36:50
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Last
3.6¢ |
Change
-0.001(2.70%) |
Mkt cap ! $54.93M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.6¢ | $15.41K | 427.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 415164 | 0.036 |
4 | 1136696 | 0.035 |
7 | 1173353 | 0.034 |
6 | 2205000 | 0.033 |
3 | 306999 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 30000 | 1 |
0.039 | 472983 | 3 |
0.040 | 200 | 1 |
0.041 | 439788 | 2 |
0.042 | 1175000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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