Once again decided to top up at 18c. It mightn't be the best value these past few weeks. But IMO in 12 months time it won't matter.
With the way copper is forecasted to perform this year, I think it's quite reasonable to up my expectations of copper maintaining an average $4.50/lb by the time we get to production. All in all, assuming an ASIC of say $2.25/lb, CYM could be netting $99m USD per year (138m AUD).
Even if CYM performs at half of that - it is still incredible value at these prices, and I'm hard pressed to find anything like it on the market, hence why it's now my biggest holding by far. Very happy with an average price below 20c, considering directors were buying up big between 21c to 29c and on the market throughout 2021.
We are now closer than ever before - and as these coming months tick away, I expect the price to eventually climb out of these lows - especially once finance and the restart study are completed [expected H1 2022].
CYM Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
