@EnsorDoone here is the most recent gold production incentive...

@EnsorDoone here is the most recent gold production incentive scheme Performance Rights as found at the bottom of Page 20 in the Appendix 4D and half year accounts announcement that was released on the 26/2/24.




I am loving it because the production bar level has been set even higher than it was for our managing directors incentive scheme as outlined when he became MD back on the 13/10/22.




The simple fact here is that CYL are now producing above their original production forecasts at 50,198 ounces for 6 months, which is exactly what Mr Bruce Kaye wants the company to produce in order for him to receive his insentives.

Believe me I do not see this company letting down Mr Bruce Kaye as he is the man who will be overseeing all mine production and new exploration; he will certainly make sure that these extra ounces in production are found.

My favorite part is these guys have jumped at least two tranche hurdles this year alone and take a look at Tranche 4 for Bruce where he can earn further shares at 175koz per year... Looks like they are just starting to scratch at the surface

Proof is in the pudding as they say

Already moving at 100,000+ ounces PA this company will certainly make huge profits once they simply concentrate on getting the gold out of he ground instead of sorting out a massive mess that was left behind by the previous owners of the mine which unfortunately included lazy exploration and the need to replace some old machinery etc...

Its funny SBM is one of our largest share holders but if this production keeps up and CYL start holding some solid profits I would be suprised to see CYL try and take them over?! Some interesting thoughts especially with their current SP...

Watch the CYL profit margins increase as the ASIC begins to lower over the next few months and years.

IMHO This company will become a MAJOR Cash Cow!

Well done again to James, Bruce, and management as this company is looking fabulous for the future!!

Also thanks to Steve Boston for helping find the right team to lead Catalyst strongly into the future!

GLTAH+DYOR

P.S. Throw in the tunnel approval at 4Eagles and this company should turn into an absolute MONSTER!!