CYM - Cyprium Metals

[peter2]

Perhaps I should just trade the chart and ignore my "common sense". Immediate follow through price rises from bullish setup.

 

[Sean K]

Perhaps I should just trade the chart and ignore my "common sense". Immediate follow through price rises from bullish setup.

View attachment 151703

Well, 11-12 cents looked like a significant resistance zone to me. Wouldn't have thought it'd burst through like that, but copper has done more than expected too.

 

[Dona Ferentes]

Quarterly out . Market gives tick of approval

Highlights include:
• $13.5 million of cash on hand and $18.8 million of total liquidity at end of quarter
• Leadership progression continuing with appointment of Matt Fifield at Executive Chair and subsequent appointment of Scott Perry to Board
• Nifty sulphide resource restated at 1mt of contained copper at 97% Measured and Indicated
• Focus on execution of Nifty restart study work streams continued:
o Small scale SX-EW restart business case advanced in quarter
o Large scale surface mine concept advancing on back of restated resource
o Discussions with potential offtake partners and financiers around future
corporate requirements commenced
• Success in exploration highlights further potential of broader Cyprium asset base:
o 1,737,500 tonnes of copper resources in Paterson and Murchison exploration assets
o Heeler shallow discovery intercept of 15m at 3.3% Cu from 70m including 7m at 5.0% copper (excluding any of other metals returned)

“This was an important quarter for Cyprium. “Internally, we have heightened our focus on defining the roadmap towards a restart of the SX-EW as a low-risk and low-complexity path to generating revenues that will enable us to sustain our costs and develop our corporate capacity to tackle the larger opportunity at Nifty.

"Externally, the demand for near-term copper production is very strong. With copper prices having risen by to nearly AUD 7/lb as of report date, this is a favourable time for us to be discussing our emerging plans to bring cathode and concentrates into the market.”
- Executive Chair Matt Fifield

.
@ 3.6c, good pick for May !?

 

[Dona Ferentes]

@ 3.6c, good pick for May !?

.
Completion and publication of the Nifty Surface Mine Scoping Study.

Highlights include:
• Optimal pit determined to contain 70mt of sulphide ore at 0.9% Cu for expected 570,000 tonnes of recovered copper through concentrator over life of mine
• Truck-shovel surface mine generates approx. 4.5 mtpa ore feed per year
• Expected average annual production of 36,000 tonnes of contained copper-in-concentrate through expanded plant
• Expected capital expenditure of A$175 million for plant refurbishment, expansion and ancillary site capital, excluding cost of mobile fleet
• Preliminary design allows for 89% of LOM waste disposal requirements to be withing current areas permitted for disturbance
• NPV8% of $880 million and IRR of 46% at copper price of AUD 13,000
• Board approval to advance to Pre-Feasibility Study
.

 

[debtfree]

Nice breakout today

 

[greggles]

Looks like the start of a new uptrend after hitting a low of 2.6c on 11 September. Today saw some good gains so I'm hoping those gains will continue into October.