Some strong buying over the lasts week, but CYL is still...

Some strong buying over the lasts week, but CYL is still massively undervalued IMHO.. Henty is on track to produce 25,000 oz for the year and will ramp up to 50,000 oz.. Henty alone is therefore currently worth circa $100m (and probably more as they extend the mine life). Pre Henty acquisition CYL traded up to $3, so the market valued their assets in Victoria at approx $300m. Since then the company has only continued to have excellent drill results, more work has been done to move them towards production (so the Vic assets should be valued higher) and of course now they have an asset in Tasmania producing cash to fund their business. The overhang from the CR clearly took a while to digest but looks as though the selling pressure has slowed..
CYL have always flown under the radar.... but with James De Crespigny coming in to run Investor Relations, the story of CYL should start to get out to a much broader audience who will no doubt see it has huge upside...