Ann: Four Eagles Iris Zone strike length extends to 500 metres, page-64

Musgrave says yes to Ramelius

For discussion and thoughts: CYL and others have just heard today that Musgrave Minerals (just south as the crow flies from Marymia) have accepted a bid today from Ramelius Resources for $205m. Musgrave has similarities to the old Vango Marymia area but there are differences:

Vango = 10.38Mt @ 3.0 g/t Au for 1.02Moz gold < 5% explored and only to 100m in depth.

Musgrave = 12.3 Mt @2.3g/t Au for 927Koz gold but has been heavily explored to date.

The point is that the current market cap of CYL IMO is grossly undervalued at $170m (for which the old VAN should just be valued at) throw in SGI (plant and resources), Henty and Bendigo one doesn’t need to be a rocket scientist to work at where CYL’s MC should be!

Come on CYL executives get the marketing machine going ( I haven’t got another 20 years to wait  )