Nice day!
The operations team led by Bruce Kay must be seriously applauded. To deliver this result (especially from Plutonic) turning it around in less than 15 months after 6 years of promises from previous management is highly commendable, especially when one considers CYL have not used one piece of ore from Mayrmia’s 412sq klms of tenements consisting of an upgraded JORC of 1.5m Oz, high grade/low-cost with only 4% of the total area explored to date with drilling limited to 100m in depth. Plus 65% of Trident (the crown jewel) is open cut. The area is only 25klm from the underutilised plant.
Serious cash flow now which will only increase (if gold price holds up) on our way to being a 200k oz annual producer. Plus we have hit the magical $400m market cap which should surely draw the attention of those pin stripped super fund managers.
Ann: Quarterly Activities Report, page-8
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Last
$1.92 |
Change
0.150(8.47%) |
Mkt cap ! $431.1M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.94 | $1.72 | $1.853M | 990.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2264 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 33686 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| CYL (ASX) Chart |