CY5 cygnus metals limited
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Per today's quarterly CY5 has discontinued with the Megawatt...

  1. malibu_tan
    2,554 Posts.
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    23/10/24
    15:25
    Post #: 76264547
    Per today's quarterly CY5 has discontinued with the Megawatt option. In addition to the Mitsumis project (which not too many of us were all that excited about anyway), the pink tenements from the Pontax project will not be retained. Probably a good idea IMO.
    https://hotcopper.com.au/data/attachments/6554/6554826-efda6cf83e2a0bb0047594d6921f9a42.jpg
    https://hotcopper.com.au/data/attachments/6554/6554827-7f6a7a4a35be2f93b8a4b77e6a4c4986.jpg

    While not everyone is excited about Lithium atm, Pontax does still have plenty of further greenstone to explore. PMT did some exploration on their adjacent tenements in 2023, I don't believe PMT released the coordinates for the sampling results so not sure exactly where.

    https://hotcopper.com.au/data/attachments/6554/6554822-22f3b2a38d30d924ad3814e3df52ee0c.jpg

    My feel atm is that CY5 are excited about exploring the new projects while Lithium remains in the dolrums. That's great and I'm for it. But not many juniors remain exploring for Spod in Canada, so to be ready when Lithium 3.0 does come it would be good if the lithium exploration was still plodding along.
    Last edited by malibu_tan: 23/10/24
    CY5 Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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