I think the difference is that BGL have a + 10year mine plan of high grade + exploration and plant upgrade and only around 20% of the resource is hedged.
I would rather be in BGL position than CYL. However if CYL can unlock some new ground and have a known 10 year resource then it too can have a MC with 9 zeros.
Argonaut new CYL research 24 July 2024, page-10
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Last
$2.16 |
Change
0.050(2.37%) |
Mkt cap ! $487.6M | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.18 | $2.15 | $127.9K | 59.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2497 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 3947 | 2 |
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| Last trade - 11.46am 10/09/2024 (20 minute delay) ? |
| CYL (ASX) Chart |