Here's an interesting rough comparison:
SPR:
953k oz @ 5.7g, targeting 1.6-1.9m oz at the same high grade
A 2.5mtpa mill on care and maintenance
They just raised $110m to get things going, no production for quite a while.
Market cap $900m.
The institutions love it, so did I, I bought at 12c and sadly sold at 37c!
CYL
3.3m oz resource, 600k reserves
P. East and Trident alone giving us around 1m oz @ 4g, (not that far behind SPR's grade) and a whole gold belt to explore
In production @ 110k oz with loads of spare capacity in the 3mtpa mill, so expansion is a no brainer
All forward costs now self funded, no dilution
In the 2024-5 financial year they will spit out over $100m in free cashflow, give or take.
But the market cap is under $250m!
The institutions are nowhere to be seen, but they will, just like they turned up at SPR
That's why I bought @ 85c and wont sell till they turn up bigtime.
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Here's an interesting rough comparison:SPR: 953k oz @ 5.7g,...
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