Big picture folks...big picture...!Wow...interesting discussions on the board today!
For those that pay a lot of attention to the daily fluctuation in CYP's share price, here's a couple of big picture items to consider:
1) just a little over 1% of all CYP shares (fully diluted) were traded today. That's nothing.
2) the 800K-ish shares traded today amount to 40 small investors selling 20,000 shares each (about $7K worth each). Peanuts!
3) anyone putting a market order for the purchase of 50,000 shares ($15K) at the close would have driven the price back to 38 cents.
4) more importantly: today's PEA tells us that we have a project with a net present value in the order of $1.5 Billion dollars...with an operation that will eventually produce 20,000+ tons of LCE per year. At CDN$15,000 per ton LCE, that's $300M of revenue per year...and $200M in net profit (after repayment of the Capex). Yet our market cap sits at a mere $25M. The market (or a Buyout candidate) will eventually recognize how lop-sided that is...!
I find it unfortunate if some recent CYP investors got freaked out by today's SP action and sold their shares - possibly at a loss - when those shares are very likely to appreciate in price substantially as the project continue moving forward. I remember my first CYP purchase back in Dec 2015: I bought the shares at 7 cents...and they closed at 4 cents just a week later (a whopping 43% slap in the face. Ouch!!). Yet here we are today trading in the 30-40 cents range (ask me if I care about 4 cents versus 7 cents..!). And today's drop from .40 to .32 will look as nothing more than a similar blip when we trade in the dollars.
Big picture!
GLTA