Exactly, I think a very easy bull case to make is $5 copper to entice new projects to fill the coming deficit (could even go as far as $5.5 or $6)
But lets take $5 (not far above the ATH of $4.9 in 2021), we would be looking at a fantastic margin!
At an increased ASIC of $3 (our restart study said $2.8, so just added some for inflation), we'd have a margin of $2 USD
Our 25ktpa is 55 million lbs per year of copper plate
This gives us an EBIDTA of $110 Million USD per year, or $164 Million AUD per year...
PE of 10, thats $1.6 billion, or roughly 15 times the current price (about $2 a share)
Would be pretty damn nice!
why CYM is a Billion $ company in the making, page-2936
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Last
3.1¢ |
Change
-0.003(8.82%) |
Mkt cap ! $47.30M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.1¢ | $75.42K | 2.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 505993 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 1000000 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| CYM (ASX) Chart |