Have argued the bear case, now let's do the bull which is stronger imo. It don't matter that the gold at plutonic east is only inferred or indicated and need large drilling investment to upgrade so as to develop mine plan, key is geologic model of plutonic mine developed by Etienne du plessis which incorporate geologic info from all the millions of feet of core samples done over the years by various operators at huge cost. This plutonic mine geologic Rosetta Stone developed by ET is very very accurate in pinpointing location of gold..previous operator of mine was hamstring by lower gold prices so did not have cash flow to fund extensive drilling at plutonic but the little exploratory drilling done added gold ounces at very cheap cost. Plus if drill missed gold on first shot, ET adjust drill a couple degree and bam, you got a hit.
Have argued the bear case, now let's do the bull which is...
Add CYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.08 |
Change
0.020(1.89%) |
Mkt cap ! $239.2M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.10 | $1.03 | $142.8K | 133.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10825 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 24947 | 2 |
View Market Depth
| Last trade - 15.50pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.08 |
Change
0.020 ( 3.85 %) |
||||
| Open | High | Low | Volume | ||
| $1.09 | $1.09 | $1.08 | 2083 | ||
| Last updated 15.00pm 24/05/2024 ? | |||||
| CYL (ASX) Chart |