IMO, they aren't going to mine Trident soon, if ever. The low-hanging fruit is to augment Plutonic UG feed, using whatever easy-to-access open pit material is available, on the Marymia claims. Do that, building cash, until the Main Pit Pushback can be funded.
Trident would be, IMO, expensive as a mother to open...and CYL is cash-strapped. And that's if Trident is EVER economic, given the mining issues discussed by Zuleika's chairperson.
Trident was just a flashy press release, to placate the sheep.
IMO, they aren't going to mine Trident soon, if ever. The...
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Last
$2.86 |
Change
0.020(0.70%) |
Mkt cap ! $654.7M | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.94 | $2.84 | $1.052M | 364.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6278 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 11722 | 5 |
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| Last trade - 11.18am 03/10/2024 (20 minute delay) ? |
| CYL (ASX) Chart |