CYL 7.69% 84.0¢ catalyst metals limited

Agree with kori that report is ambiguous and leave lots of...

  1. 336 Posts.
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    Agree with kori that report is ambiguous and leave lots of unanswered questions but on surface Plutonic look to be hitting on all cylinders, operationally. Over 300 kt mucked underground in quarter annualized to 1.2mmt mill feed which is a 20% improvement over the 1mmt plutonic underground mucking about 6 months ago. Head grade at mill had also improved about 0.5gpt in about 6 months, from 1.9 gpt under previous operator to almost 2.5gpt now. Etienne du plessis new plutonic resource model is coupled with the 3 jumbos doing new underground development so grade will continue to increase going forward. Gold recoveries at mill is also super strong at 92%...previous operator had gold recoveries at plutonic in mid 80s if I recall. On reason cyl stock getting hit is Junior focus on trident which is downside for equity valuation at this time since this focus on trident means we will get diluted since trident very capital intensive, and we don't have the funds in the bank to pay for the mine. junior hasn't disclosed mining method at trident but has disclosed that paste backfill is a necessity so trident going to need a mill on site...perhaps we save some money by moving the idle 1.2mmt mill to trident....
 
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84.0¢
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83.0¢ 85.0¢ 81.0¢ $289.6K 351.3K

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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
83.0¢
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81.5¢ 85.0¢ 81.5¢ 66873
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