CYL 0.57% $1.76 catalyst metals limited

This 750m strike of Baltic extension by my back of napkin...

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    This 750m strike of Baltic extension by my back of napkin calculations contain 3.5mmt to 4mmt of gold muck or about 3 years of plutonic underground production at current rates of mining. The width of the strike already has a drift right next to it some developing this 3.5mmt to 4mmt underground deposit will be low capex...just extend utilities from existing drift at best location. These Baltic stopes will be new so the miners productivity gonna increase vs current remnant mining of 1.2mmt per year so probably cyl mine out the 1.2 contained in 1st third of deposit in less than 1 years. First third of deposit is a resource of 1.2 mmt @.2.7gpt - drilling it out to reserve is gonna cut tonnage and grade by potentially 30% to 50% but with Etienne du plessis geologic model potentially loss in conversion from resource to reserve be on low end vs. Normal expectations? Also next third of 750 m strike to be mined out is about 2x the grade of the 105,000oz gold @ 2.7gpt contained in 1st third of the 750m strike. I like note on slide about historical grade at plutonic being 5.4 gpt gold...
    Last edited by Petersburggray: Today, 00:08
 
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