Its really quite simple PC.... CYL will have a mkt cap of abt $800m in the next 18 months.
Either CYL takes over SGI with a YES vote. Or CYL gets SGI through the administrators.
Either way, the Plutonic/Marymia belt will finally be consolidated which always should have happened. CYL and SGI boards both agree as do the SGI major shareholders...
Then within 18 months, CYL will be processing high grade gold through Plutonic... producing 150koz at AISC of AUD2000... I think you can do the maths on what that looks like.
Why against CYL takeover : SGI Q2 rev A$12.7 million higher, page-12
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Last
$2.07 |
Change
0.070(3.50%) |
Mkt cap ! $467.3M | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.08 | $2.02 | $27.14M | 13.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10526 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 26900 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CYL (ASX) Chart |