IMHO Henty is and will turn out to be spectacular!
As Bruce explains in the video, he seems to think that adding an extra million ounces+ to the inventory wont really be an issue over time and that exploration both underground and above should expose this.
For me Henty was actually a magnificent move because unfortunately if COVID-19 continues it attack on our communities through the Delta strain many investors around Australia and the world will be looking for reliable gold producers who are operating at maximum profits that are operating in safe regions. Henty in Tasmania, separated from the Australian mainland IMHO is just that!
Henty will also fund all exploration activities and operations in the Bendigo region which means no more dilution for shareholders at just under 100 million shares on offer and an absolutely massive upside if exploration and production success continue!
It shouldn't be too long now before other investors begin to understand the significance of the Henty purchase! Over time I am sure that all of CYLs results will draw much much bigger crowds based on more of the usual very successful results!
With lots of results pending, and plenty more to come over the next couple of years minimum, and a new mine to be built at Boyd's Dam without any dilution one would expect this stock to once again shine in all of its true glory!
IMHO one would expect much much higher share prices in the not too distant future!!!!
As with the very best stocks on the ASX Patience has always been the key!
GLTAH+DYOR
CYL Price at posting:
$2.03 Sentiment: Buy Disclosure: Held
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