CYL 6.53% $1.88 catalyst metals limited

I think CYL need to pick up degrussa mine at same time they grab...

  1. 380 Posts.
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    I think CYL need to pick up degrussa mine at same time they grab plutonic at $30mm market cap in cyl scrip. Sandfire and Superior are already sharing planes arrivibg/departing from airstrip at degrussa to fly the miners in and out so as to fill every seat on plane and cut transport costs for both operstions. Plus think of synergies in sharing mining fleet, personnel, consumables, etc. Degrussa tenements in bryah basin complement plutonic holdings in area plus open pit gold muck from degrussa been processed at plutonic historically so cyl could fill mills at plutonic while investing time and capex to ramp plutonic dome/marymia. Sandfire is willing seller per recent press release, probably sandfire gladly accept about $70mm cyl scrip for degrussa so cyl could roll up a copper mine and a gold mine with 3 mills and other infrastructure for probably less than $100mm in paper, at most.
 
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