CYL 4.98% $2.67 catalyst metals limited

complicated litigation still pending in front of WASC from both...

  1. 405 Posts.
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    complicated litigation still pending in front of WASC from both Superior and Zuleika. The 2022wasc357 ruling is 152 pages. Add in 2021wasc459 and 2021mwasc459s and you got lots of reading for CYL lawyers. For Zuleika complaint against against vango court has still not ruled on issue of damages, zag asking for $20mm as well as van paying zag court costs. In 2021wasc459s court ruled VAN liable to pay 80% of SGI court costs. Van not paid superior yet to my knowledge. Also in 2021wasc459s court upheld Superior ore treatment agreement that cover all van controlled tenements in plutonic dome/marymia. Superior OTA now under mandatory wasc enforcement order and OTA dictate that all ore mined from van Plutonic dome marymia tenements must be toll milled at Superiors plutonic mill. Check out van press release from 2016 or 2017 where van details proposed ramp of k2 mine with toll milling at plutonic costing $40/ton of muck processed. If plutonic dome fill now idle 1.2mm mill at plutonic, Superior earn $48,000,000 per year in toll milling fees. Economics of plutonic dome marymia in this scenario marginal but Superior is outstanding.
 
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