Admittedly I don't know much about Cobalt, so please provide correct or relevant information if it's wrong.
But from what I can uncover, Maroochydore's oxide is 0.070% cobalt.
For a quick comparison, I'll briefly go through a similar company..
Australian Mines Limited Sconi Project's 2017 MRE was 0.06% cobalt. (ASX: AUZ.. $107m MC).
Currently, their pits range between 0.03% and 0.11%, with an average grade of 0.08% as of the 2019 MRE.
For reference, they've just recently secured an off-take of 700/t cobalt (+7kt Nickel)) per year for 10 years. They are seeking finance by July 2022 and are aiming for production between Q2 and Q4 2024.
From my brief understanding - it appears a grade of 0.070% is feasible. With further exploration, CYM has the capacity to increase the resource and grade. CYM in theory, could launch a similar cobalt (+20ktpa Copper) mine within a similar time frame of AUZ, following the initial success of Nifty producing 20ktpa.
- Forums
- ASX - By Stock
- CYM
- why CYM is a Billion $ company in the making
why CYM is a Billion $ company in the making, page-380
-
- There are more pages in this discussion • 2,726 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CYM (ASX) to my watchlist
|
|||||
Last
4.5¢ |
Change
-0.004(8.16%) |
Mkt cap ! $68.66M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.5¢ | $82.31K | 1.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 122971 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 355362 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 122971 | 0.045 |
3 | 261409 | 0.044 |
7 | 727487 | 0.043 |
5 | 535357 | 0.042 |
5 | 1549194 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 355362 | 1 |
0.048 | 1079336 | 2 |
0.049 | 450000 | 1 |
0.050 | 30000 | 1 |
0.052 | 228192 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |