CY5 1.96% 5.0¢ cygnus metals limited

Ann: Thick, shallow spodumene-bearing pegmatites at Auclair, page-32

  1. 3,058 Posts.
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    Pretty good hits for no love.

    Seems a bit irrational. Poor sentiment? How long is the mineralised corridor assumed to be? I am trying to gauge why this is a 20 mill market cap with what on face value seems to be a potential resource in the making.

    Small tenement? Another key issue with all junior Canadian explorers is the cash burn is not acceptable. Pretty much spend $10mill a year minimum and often with not a heap to show for it. LLI has the same issue.

 
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