Spot on. CAPEX and funding is on the high side ($143mill), it was always a concern. Also the NPV(8%) is done at $1650 AUD, which is a bit cheeky in my book. A $1600 assumption would have been more realistic. There is no chart with NPV sensitivity to POG that I could see?
Gold stocks are unloved in the global growth, rising interest rate environment scenario. But having said that CMM has been struggling for the last 6 months. EAR is an example of a Goldiedoing well of late, then there is the nugget /Pilbara players. It seems people are more interested in exploration than development at the moment. Base metals and EV/battery metals getting all the attention.
How much could they raise and at what price? Not much fun raising at 6-7c and not much fun borrowing $130mill either. Interested to see what happens here.
Ann: Feasibility Study Outlines Robust High Margin Gold Project, page-10
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
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 |
