CYL 1.50% $1.97 catalyst metals limited

Ann: Improved operating results at Plutonic mine, page-44

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    Kori my understanding is the only reason that 18 months of open pit mill feed at hermes/ Hermes South grading 1.4gpt removed from plutonic reserve is because the exploration underground at plutonic was successful and added so much gold that had the gold at Hermes been kept in reserve then certain milestone payment in millions of dollars would have been due to northernstar under the agreement selling plutonic mine to superior. that $35mm is not a current liability by any means. Current liabilities from Superior to my knowledge that are on cyl balancevsheet is the debit balance on gold loan which about $5mm plus the $5mm golden parachute payment. That's it. Plutonic mine is not leveraged to tune if $88mm.
 
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