Agree. SP now makes little difference to Barry and won't make 1 iota of difference to obtaining finance. Finance as Barry has stated with be straight debt without equity which will be equated on project valuation and economics, NOT the Market Cap. Major holders/financiers have been behind Barry and team from the get go when copper was $3.70/Lb and had no issues then. So why would they be concerned when todays copper is trading at $4.55/lb. As far as the higher interest rates are concerned I think that is applicable to every single company on the ASX now. Inflation seems to be gathering steam now, so likely higher interest rates for all players including CYM. Let us not forget Barry is a mining engineer (with track record and experience of building mines for 30 years) and has looked into what is required for replacing the SX-EW and came up with steel not available for up to 2 years. This did not suit the timeline Barry is aiming at to start production by late 2022 or more likely early 2023. All those projects out there, wishing to start from scratch are all delayed regardless of what CEO's postulate or daydream investors yearn. Not so much an issue for CYM with majority of infrastructure already on site at Nifty. Australian lockdown laws and closed borders have hindered many companies in the mining space either directly or indirectly plus the commodity price boom. Tons of assays for many companies weighing down the labs right now as many companies have been drilling like crazy while the prices are high. If Barry's geologists are out on site or have been recently with the drill teams it is likely the lab results are also delayed which is completely out of CYM's control. Remember you need all the results for the Restart Study to be completed.
CYM Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
