This report is titled " four underground mine developments" which imo is significant because drawing gold ore from multiple open pits and underground mines will drastically reduce operational risk at plutonic marymia/risk to equity from unforseen operational hiccup. Mining outfits with less than 3 operating mines get big market cap haircut by mr. Market because it is difficult for a miner with only 1 or 2 mines to weather an interruption in mining operations. Victoria gold vs. SSR for example. Both miners had similar scale leach pad disaster but because SSR had multiple mines cash flowing, SSR could pay for cleanup so SSR equity not destroyed. Also I remember hearing Pierre Lassonde say on kingworldnews that he prefer to invest in producers with minimum 3 mines.
CYL Price at posting:
$1.88 Sentiment: Buy Disclosure: Held
