Been looking into this company and have done some research. The grades of molly are very bad. I think you will find that if you look at other molly explorers on the market there is a massive difference between the grades of molly. Take Kings Minerals for example KMN listed on ASX. They have a 40km fault line in Queensland with grades
329 m @ .31% Mo 73 m @ .43% Mo 330 m @ .54% Mo
Take this into consideration with what CYL which has minute grades at best of
2 m @ .16% Mo 2 m @ .13% Mo 70 m @ .04% Mo
Take this into consideration with what the world's richest Mo mine, the Henderson Mine in Colorado (Phelps Dodge)
160Mt @ .35% Mo
Am I missing somethine here???
I am only comparing the actual grades nothing more nothing less. I know there is a lot more drilling to be undertaken don't get me wrong but those grade are nothing to get excited about...
CYL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held