CYL 0.86% $1.15 catalyst metals limited

Kori I disagree with you that sustaining capital investments...

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    Kori I disagree with you that sustaining capital investments needed at plutonic could ever go down from here going forward. Even after investing 7 figures in increasing tailings storage at plutonic in 2024 there is lots more sustaining capital investment need to be done. Due to low gold prices over many years generally underground mines have not been profitable enough to make necessary infrastructure investment and this deferred capex has built up over many many years and now can get caught up on. I like junior expensing everything vs. depreciating. Expense now= less profit =less tax paid and more money in cyl pocket. Plutonic underground could certainly use several tens of millions of dollars of more jumbos and other underground equipment. For working the open pits scattered all over marymia and bryah basin we gonna need some moto graders and dozers with low boy trailers to work on all the haul roads. We also need to buy a bunch of dumps to haul the ore to the mill as well as excavators, loaders to work the pits and a bunch of surface rigs to firm up mine plan for all the open pits. All this iron cost lots of money but at least we already got base camp infrastructure established at plutonic to house all the new miners, drivers, mechanics...
    Last edited by Petersburggray: 31/01/24
 
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