Without raining on your parade, I think you're being way too ambitious. While I note there COULD be potential for gold, there isn't anything in the announcement to say for sure they have found anything other than Henty-like alteration in a hitherto unknown fault.
A quick scan of any company announcements of faults-that-turn-into-new-deposits would show more misses than hits. Any talk such as " an even richer gold source" is just hype.
While I could be proven wrong, I would be hesitant to hype it at all. If there were high gold in the drilling carried out so far, ie- visible gold, they would have announced it by now given how the share price is performing and the wash up from the Victorian licences. Any positives are desperately needed at the moment!
Without raining on your parade, I think you're being way too...
Add CYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
84.5¢ |
Change
-0.025(2.87%) |
Mkt cap ! $187.2M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 90.0¢ | 83.5¢ | $551.8K | 649.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67158 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
84.5¢ |
Change
-0.025 ( 1.74 %) |
||||
| Open | High | Low | Volume | ||
| 85.0¢ | 86.0¢ | 83.5¢ | 53405 | ||
| Last updated 15.09pm 07/05/2024 ? | |||||
| CYL (ASX) Chart |