CMM 0.16% $6.43 capricorn metals ltd

Resource upgrade imminent, says top columnist Barry FitzGerald, page-14

  1. 7,325 Posts.
    lightbulb Created with Sketch. 120
    To be honest i don't think many people know CMM exists... Without resources defined at a higher level, they can't even really promote the deposit. It's a bit of a strange situation, going straight from scoping (with no economic analysis) to the bankable feasibility study! It does show how confident management/board is in the project and Barry is right, there is an opportunity to sneak in before it all becomes official and widely know by the market.

    And you are right, it's going to churn out some serious cash in the early stage of the project allowing rapid payback of debt and expedited exploration. They should have few problems financing the project if the numbers come out as expected...

    Thanks for the heads up Barry
    Last edited by Barolobill: 03/04/17
 
watchlist Created with Sketch. Add CMM (ASX) to my watchlist
(20min delay)
Last
$6.43
Change
0.010(0.16%)
Mkt cap ! $2.397B
Open High Low Value Volume
$6.43 $6.55 $6.42 $531.6K 82.04K

Buyers (Bids)

No. Vol. Price($)
4 205 $6.43
 

Sellers (Offers)

Price($) Vol. No.
$6.44 2986 24
View Market Depth
Last trade - 12.40pm 04/12/2024 (20 minute delay) ?
CMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.