CYM 2.70% 3.6¢ cyprium metals limited

An explorer holding Maroochydore alone could be valued at this...

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    An explorer holding Maroochydore alone could be valued at this market cap.

    For reference, in 2017 the White Range copper, gold and cobalt project was sold for $53m. It contained 30.2 million tonnes at 0.80 per cent copper, 0.2 grams per tonne gold and 0.03 per cent cobalt. Copper in 2017 was only trading between $2.60/lb to $3.05/lb.

    For comparison, Maroochydore alone has 48.63 million tonnes at 1.0 per cent copper, and 0.038 per cent cobalt...and the price of copper is currently trading at $4.52/lb.

    Whilst this is some real dodgy maths here, going off a lot of assumptions;
    +50% of a 30.2mt resource = 45.3mt.. Lets round Maroochydore down to that figure.
    If you add +50% to the resource total, then add+50% to the sale price of $53m. That gives us $79.5m.
    For simplicity; Maroochydore's grade is 20% higher. So add another 20% to the sale price. That gives us $95.4m
    Now if you want to throw in the fact that copper is trading significantly higher (+50%), that gives us $143.1m

    The Nifty Copper mine, Murchison Project, & Paterson Exploration Project is basically free at this market cap.

 
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