2021 PEA summary: 60k oz/yr production at $ US 863 AISC, for 6 years. $ US 59 million capex.
After-tax 5% discounted NPV:
At $1900/oz US gold: $ A 236 million, 64% IRR At $2000/oz US gold; $ A 265 million, 72% IRR
Note cost are from 2021, when the PEA was published. Those costs are presumably up, but obviously so is gold's price, $US 2750 today. Also, some of the overburden was removed in Summer 2021, lowering the capex.
The Main Pit Pushback was the low-hanging fruit, for Superior, during the Bradbrook, Boyle/Brown, and Jordaan admins. Obviously, with the whole Marymia belt now under control, the optimal sequence of steps changes. But, to the degree that investors may be holding fire until the mine lifetime is more-documened...there's a PEA documenting six years of fullly half of CYL's current production, on standby, ready to execute.
CYL Price at posting:
$3.50 Sentiment: Buy Disclosure: Held
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