Comparing BGL to CYL.
June Quarter free cash flow -
* BGL $41M
* CYL $38M
Market Cap -
* BGL $1,689M
* CYL $428M
Debt -
* BGL will use CR to reduce loan to $100M
* CYL 2,200oz gold loan
Hedging -
* BGL - 224,500oz from now until Dec. 27 @ average hedge price of $2,772/oz (about 55,000oz @ $2,900 for FY 2025)
* CYL - free of hedging.
Note : spot price of gold currently A$3,644
Future -
BGL - Sensational 5 year expansion plan.
CYL - Fantastic 12 month organic growth opportunities.
For me, the Iris Zone (70,000oz at 26g/t Au) being open at both ends is the most exciting project. (70 km north of the famous $Fosterville gold mine)
Hoping the war chest of cash will be significant by the time The Victorian Government grants approval for the Four Eagles operational tunnel. (21 months since application was made)
GLTA
Disclosure: Hold both CYL and BGL
Argonaut new CYL research 24 July 2024, page-5
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Last
$2.82 |
Change
-0.080(2.76%) |
Mkt cap ! $636.7M | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.95 | $2.75 | $1.984M | 706.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.82 | 4221 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| CYL (ASX) Chart |