Hi mj, I've followed CYL in the past but stopped after Henty purchase. Like you I was only ever really interested in their Victorian project. For a long time, they had a very tight register and some deep pocketed and sticky holders.
It might be time to revisit CYL as their newly acquired Plutonic Gold Mine could provide huge leverage to the current gold price. With the right luck Plutonic could potentially help springboard CYL into a serious midcap miner. Only had a cursory glance at Plutonic lately so can't add any D&D of real substance.
Once upon a time Plutonic was a + 200koz a year cash cow. No doubt the Plutonic gold belt probably still holds some buried treasure waiting to be discovered.
FWIW I've heard that GBR could potentially toll treat their Ironbark deposit at Plutonic if WGX play hard ball.
All the best with your investment in CYL...
SPR Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
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