re: Ann: Nymagee and Hera - Evolving into a W...
I heard Rimas Kairatis give a presentation at the last Proactive Investors Forum. Geological structure is similar to the CSA Mine to the north of Nymagee.
CSA is huge, owned by Glencore. http://www.cmpl.com.au/
Produces 180,000 tpa of copper concentrate.
Rimas mentioned in the preso that if they are only size up Nymagee at a 1/3 the size of what the CSA mine is that it will be larger than Sandfire ($1 billion+ market cap).
At $177 million dollar market cap, $31 million in the bank, 3 drill rigs going it all sounds good to me. I'm hoping it's as large as CSA in which case this will be huge.
DYOR
YTC Price at posting:
75.5¢ Sentiment: LT Buy Disclosure: Held