Euroz Hartleys rates ((CYM)) as Spec Buy (2) - Subject to feasibility study outcomes, Euroz Hartleys notes open pit mining could commence mid-2022 at the Nifty Copper project. There's considered potential for first copper production late in the second half of 2022, and full production levels are expected by early 2023.
News flow from the project is likely to increase in the coming months, with first assays from recently completed drilling due soon, explains the analyst.
The Speculative buy rating and $0.70 target price are maintained. This report was issued September 14, 2021. Target price is $0.70 Current Price is $0.19 Difference: $0.51
If CYM meets the Euroz Hartleys target it will return approximately 268% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CYM Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
