Musgrave says yes to Ramelius
For discussion and thoughts: CYL and others have just heard today that Musgrave Minerals (just south as the crow flies from Marymia) have accepted a bid today from Ramelius Resources for $205m. Musgrave has similarities to the old Vango Marymia area but there are differences:
Vango = 10.38Mt @ 3.0 g/t Au for 1.02Moz gold < 5% explored and only to 100m in depth.
Musgrave = 12.3 Mt @2.3g/t Au for 927Koz gold but has been heavily explored to date.
The point is that the current market cap of CYL IMO is grossly undervalued at $170m (for which the old VAN should just be valued at) throw in SGI (plant and resources), Henty and Bendigo one doesn’t need to be a rocket scientist to work at where CYL’s MC should be!
Come on CYL executives get the marketing machine going ( I haven’t got another 20 years to wait )
Musgrave says yes to Ramelius For discussion and thoughts: CYL...
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Mkt cap ! $489.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 9917 | $2.15 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 7302 | 2 |
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