Canyon resources.png
Canyon Resources
(ASX:CAY)


 

  Our Initial Entry
Price

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

ASX:CAY
$0.100
$0.088
Feb 14 2022
$0.109
$0.045
    -55%

ASX:CAY
Our Current Returns
-55%


Overview

What does CAY do?

Canyon Resources (ASX:CAY) is developing one of the largest undeveloped, high grade direct shipping bauxite deposits globally in Cameroon, Africa. 

Bauxite is the primary raw-material used in producing aluminium.

What is the macro theme?

Aluminium is considered a “green metal” due to its infinite recycling capacity & long-lifespan. 

It is considered a critical industrial metal in all manufacturing settings because it is both light-weight and strong. It is also a critical material in the primary technologies that will be the foundation of a low-carbon future including wind power, solar and energy storage (batteries). 

More recently, the EU recognised aluminium as a strategically important material in supporting the transition towards a modernised greener economy.