Trident comes online midway through 2025, while Plutonic East will be a few months later.
These two satellite ore bodies will provide approximately 60,000 more ounces per year through the mill, helping it reach its capacity of around 200,000 oz a year.
And it will all be funded through cashflow.
This suggests we are now out of the woods risk-wise and the company will slowly be re-rated as a low-cap, growth company with a falling AISC and prudent management and production approaching 200,00 oz a year.
Before the amalgamation with SLR, Red 5 was producing 200,000 oz a year with quite a bit of it still hedged at around $2750 and it was valued by the market at around $900-$1,000m.
CYL's share price has to rise 400% to reach a similar valuation.
Thank you to James and the team for running a prudent operation.
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Last
$2.90 |
Change
0.110(3.94%) |
Mkt cap ! $654.7M |
Open | High | Low | Value | Volume |
$2.75 | $2.94 | $2.72 | $2.647M | 918.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 96995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 2.890 |
1 | 1637 | 2.870 |
1 | 10000 | 2.860 |
1 | 10000 | 2.850 |
1 | 246 | 2.800 |
Price($) | Vol. | No. |
---|---|---|
2.910 | 6873 | 1 |
2.920 | 20000 | 1 |
2.930 | 15013 | 2 |
2.940 | 8752 | 2 |
2.950 | 8817 | 3 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
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