The best takeaway from the GCM website is very simply written in the statement below;
Toolleen Oxide Development
Toolleen oxide development will utilise the same CIL oxide ore processing facility at Nagambie
that is being constructed primarily for the treatment of the Golden Camel oxide deposit.
Too me that looks amazingly reassuring that CYL will be going into mining and production with GCM otherwise for them to go and build a new treatment plant at Nagambie would be a complete waste of millions of dollars and time if it was simply based on an assumption of 'possibly' mining at the Golden Camel Mine...
Basically without CYL exercising their right to exercise their Option to acquire 50.1% of mining tenements MIN5548 & MIN5570 and EL5449 I do not think that GCM would be able to proceed to mining this ore once this plant is completed?!
Mining and Production here we come!!?
Great days ahead!!
GLTAH+DYOR
Victorian Gold Production in 2022?, page-4
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Last
$1.14 |
Change
0.060(5.56%) |
Mkt cap ! $252.5M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.15 | $1.05 | $655.1K | 590.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2630 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 22089 | 2 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.060 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| $1.07 | $1.14 | $1.07 | 15208 | ||
| Last updated 15.56pm 27/05/2024 ? | |||||
| CYL (ASX) Chart |