CYL catalyst metals limited

Ann: Quarterly activities report, page-9

  1. 1,238 Posts.
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    They'll have their hands full getting Plutonic to be profitable, but their MoM production figures aren't too bad. But to really make Plutonic work you'd need to be mining 10Koz per month minimum, and that's hard with remnant mining.

    Ask anyone who's worked there in Tech Services (as I have) and they'll tell you Plutonic has always required high Tech Services staffing and very intensive Engineering planning. That's why I'm a bit surprised that they highlighted this like it was a surprise to them. Might suggest they didn't fully understand what they were getting into.

    There's a reason Northern Star sold this mine ten years ago, and before buying any mine that Northern Star have tried and failed in you really need to make sure you're not going in with saviour complex.
 
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