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Where is Chrysos Limited (ASX: C79) heading?

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Question asked 16/05/2026

Where is Chrysos Limited (ASX: C79) heading?

Hi guys C79 market update in early May missed to estimates & have sold down. Your views expressed in April suggested C79 was in a good place with a very good product, revenues & mining industry going well. However the price just keeps on slipping away with no bottom in sight. Is there something else impacting the company & its product? Is there are competitor? Is their marketing model (mainly leasing) broken? Would really appreciate any update & your latest thoughts. Regards Glenn Hi MM, C79 has fallen considerably since its 4 May 2025 trading update, which you provided commentary on, on the day, saying you remained long and bullish. As such do you think C79 has now been oversold and is a solid or even strong Buy at current levels or do you have further concerns since your last update, including in light of recent price action? Thanks, Darren

Answer

Hi Guys,

For members not familiar with Chrysos Corporation (C79) its a $700mn Adelaide-based mining technology company behind PhotonAssay — a proprietary X-ray analysis system that measures gold and other metals in ore samples far faster, safer and more accurately than traditional fire assay methods. The company leases its units to miners globally under a recurring revenue model, positioning C79 as a “picks-and-shovels” technology play on rising global gold and copper activity.

Goldman Sachs recently initiated coverage with a Buy rating and $9.85 target price, while analyst sentiment remains unanimously positive. This in itself could be part of the issue, as the MM site illustrates Here – all six analysts that cover C79 have it as a BUY potentially leaving a void of buyers into fresh news.

After its trading update earlier in the month, when the stock dipped lower, we said: “The momentum in the business still looks strong, and today’s move is more about a recalibration of the markets too bullish expectations than anything else.”

Either this recalibration is more aggressive than we imagined or we’re simply wrong, we believe it’s the former. It’s important to remember that this ~$700m stock is fairly illiquid often trading just $2-3mn worth of shares on any given day, hence volatility can be high, as it has in both directions in the last year. Not unusual for a growth stock not expected to be profitable until FY28.

We remain long and bullish C79, believing it’s an accumulate into current weakness.

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Chrysos Corp Ltd (ASX: C79)

LAST UPDATED 15/05/2026 13:07

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