It sure is interesting when you review Friday's trading in Cygnus. I wasn't surprisedto easily reach 8.6 cents, and expect further SP rises this week too. Someone could easily take the SP back above 15 cents as shown on the selling side below.
The PEA issued in 2022 by Dore Copper (acquired by Cygnus 31st Dec 2024) shows positive returns on the Corner Bay Mine solely. The price of Gold & Copper has substantially increased since then, meaning it is even more profitable now. Then add the other opportunities such as Devlin, etc, and note only 50% of the mill's capacity was required for Corner Bay, meaning capacity is available for the other growth areas without additional capital expenditure.
Haven't got time to elaborate further ATM, so will simply say "Watch This Space".
CY5 Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
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