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Bison8

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06/01/22

13:46

Post #: 58681344
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Originally posted by Da12kl0rd: ↑

The current market cap reflects CYM as an up and coming cobalt producer and nothing else. (We have currently have $1.7b AUD worth of cobalt).

From the current market cap of $107m, I'd say this is fair assessment. There's obviously some risk. But there's the potential to return a handsome payout to early investors

But wait.... CYM isn't solely an up and coming cobalt producer. No. It's going to be the FMG of the Australian copper industry.

There's already easily $100m+ sunk capital invested in the concentrator, plant, airstrip and accommodation.

There's already $16.8 billion AUD dollars worth of proven copper resource.

There's already further drilling under-way because we know there's more (Maroochydore may be another Nifty-class super pit).

We know management is top tier and proven.

We know the team is working hard towards ticking off ambitious objectives and is targeting rapid growth.

And we're not starving for capital. We have ~$30m in the bank with financing under-way.

The only two risk are; copper shits the bed and potential delays. But with the globe racing towards net 0, and global economies booming, I highly doubt the first risk will occur.

So perhaps investors are left to wait 18-24 months. But considering a full production copper mine is priced in as worthless, I think it's a very attractive 'risk'. 24 months for a 1,000%+ return? I'd like to see anyone do better than that with an ETF.

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https://www.mining.com/bhps-cerro-colorado-mine-in-chile-hit-by-further-water-measures/
Copper mining in South America right now is extremely risky with loads of sovereign risk. I would not want to be invested in any company mining is South America now or in the future. A good chance copper prices push higher with disruption activities now.
Agree with you Da12kl0rd, you just can't beat mining in Australia and CYM is on track to deliver a series of great projects while copper prices are robust.

CYM Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.6¢		Change -0.001(2.70%)		Mkt cap ! $54.93M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$15.41K	427.3K

Buyers (Bids)

No.	Vol.	Price($)
4	415164	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	30000	1

View Market Depth

No.	Vol.	Price($)
4	415164	0.036
4	1136696	0.035
7	1173353	0.034
6	2205000	0.033
3	306999	0.032

Price($)	Vol.	No.
0.038	30000	1
0.039	472983	3
0.040	200	1
0.041	439788	2
0.042	1175000	3

Last trade - 16.10pm 25/07/2024 (20 minute delay)

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