This red herring argument that cyl need 10+ yrs of drilled out stopes to get a market cap similar to Australian peers is nonsense. To my knowledge, generally, gold or silver hard rock mines might have 18 months or 2 yrs of muck drilled out to proven and probable, even though everybody knows the mine has years of production ahead of it. Plutonic is a very long life gold mine with tenements that have lots more gold, where bringing on new pofitable gold Production whether underground or open put is low capex, meaning current equity don't need to be diluted so as to have money needed to ramp up gold production bigly now. Cyl is anomaly in Australia mining in that share count ain't yet been diluted down to 1 or 2 billion shares. Imo long cyl stock is acting real nice technically imo, higher highs, higher lows, not that I am a market technician, but imo potentially cyl forming another bull flag.
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This red herring argument that cyl need 10+ yrs of drilled out...
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Last
$2.11 |
Change
-0.060(2.76%) |
Mkt cap ! $476.4M |
Open | High | Low | Value | Volume |
$2.17 | $2.21 | $2.10 | $519.2K | 239.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2508 | $2.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.15 | 3500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2508 | 2.110 |
1 | 6000 | 2.090 |
1 | 7000 | 2.070 |
1 | 15366 | 2.060 |
1 | 1100 | 2.050 |
Price($) | Vol. | No. |
---|---|---|
2.150 | 3500 | 1 |
2.160 | 5888 | 3 |
2.180 | 4310 | 1 |
2.190 | 4310 | 1 |
2.200 | 210 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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