Would make sense to release the study when copper price has reached it's apex. Has it reached that yet? I'd say not. Global inventories very low and metals prices on a tear upward. Likely more left in it yet while Ukraine issues perpetuate. I'd expect the study to be out within the next 2 weeks though.
Sensible approach for CYM IMO would be to have a low case scenario of say $3.50 - $4/lb and a bullish case up in the $5 level or where ever price peaks. We're looking for debt finance so you're not going to place a bearish case(sub $3) in front of the fund managers. You don't go to the bank manager asking for a loan you may or may not pay back. But Barry is confident AISC will be around $2/lb
Let's not forget Barry's Samso video 24th Sept 2021 25min mark, Barry stating about the Nifty purchase "they couldn't kill it at $6,000/t and at $8,000 the pit was gone". Meaning all the oxide & transitional materials could be stripped out of the pit and surrounds and be robustly profitable.
https://cypriummetals.com/investor-centre/videos/
On another note the 10th February 2021 video sums up the CYM strategy, finance etc...
Well worth watching for those that are new here.
why CYM is a Billion $ company in the making, page-888
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