And if we take your $13,340/t, and take the c3 costs of $2.83/lb, I get a profit margin of about $4,300/t.
$4,300/t x 25,000tpa = $108mil/pa. If we then take a p.e range of 6x - 10x, that’s $648mil to $1.08bil.
With currently 730mil SOI, I get a share price of 89c - $1.48.
And with the currently heavily depleted Cu stockpiles coupled with future anticipated Cu demand, I can only see Cu price going up.
There are many graphics out there showing how a mining company sky rockets during the FID to production phase. That’s the ride I want to be on.
I’m thinking a re-rate to 30c minimum once CYM gets funding. And then from there a steady SP appreciation from FID to production.
IMO
GLTAH
And if we take your $13,340/t, and take the c3 costs of...
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $54.93M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.5¢ | $59.58K | 1.633M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1434072 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 110000 | 3 |
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| Last trade - 10.51am 05/08/2024 (20 minute delay) ? |
| CYM (ASX) Chart |