CYL 2.82% $2.92 catalyst metals limited

Ann: Quarterly activities report, page-9

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  1. 416 Posts.
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    Gratton44 on table 4 key operational parameters, in sept 22 quarter mill throughput was 49kt vs. 52 kt now, a slight increase over last 4 quarter. Gold recoveries at mill went from 92.2% to 91.2% over same time frame so guys at mill good at their job. These older underground gold and silver mines generally have huge deferred maintenence outstanding since au/ag price been suppressed with paper so long, previous operators not had cash glow to make necessary sustaining capital investments so i, bet $5mm for tailings raise just start. IMO mining equipment fleet need at least $10mm now. Wording in press release make clear not enough jumbo at mine to do grade control and exploration at same time. If henty got 2 jumbo now, one more needed yesterday and bit longer term another jumbo need to be added too.
 
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