CTM

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50.5¢ centaurus metals limited

Ann: More High-Grade Nickel-Cobalt Assay Results From Itapitanga, page-175

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boy1

2,694 Posts.

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19/04/18

09:40

Post #: 32546974
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Originally posted by boy1 ↑

Just doing some very rough back of the envelope calculations here so don't shoot me down too hard, but good for opening discussion.

If the southern zone hits more nickel and cobalt, I calculate some conservative tonnes as follows.

Total strike is 5.5km long x 500m wide. Our mate OldGeo states that 30-40m deep is the likely paydirt so lets assume the following:

Conservatively:

4000m long x 350m wide x 30m deep x SG of 2.8 =

117,600,000 tonnes of pay dirt.

At 1% Nickel and 0.1% cobalt that's:

1,176,000 tonnes of contained Nickel and 117,600 tonnes of contained Cobalt:

Assume 80% recoveries:

We are talking about 940,800 tonnes of recoverable Nickel and 94,080 recoverable tonnes of Cobalt.

Nickel price per tonne = $13,200 USD
Cobalt price per tonne = $90,000 USD

Potential recoverable revenue =

940,800x $13,200 /0.75 AUD + 94,080 x 90,000 / 0.75 AUD

=16.5b Nickel + 12.5b Cobalt

= 29b LOM revenue in AUD.....

Investing is all about risk v reward, sure there is plenty more to do, but all holes are basically ending in mineralisation so far, and basically hitting all over the potential strike...

Sure Capex and costs need to come out, but i tell you what, there is plenty of fat into those numbers....

CTM is currently 27m MC or about 55m FD

$29b of potential LOM revenue... vs 27m MC....

You can see why I have been buying.

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Whilst nickel prices soar last night AND cobalt nearing $100,000 USD, il leave a recent post just to sit here ^.

Go CTM, you have my permission to run.

Last edited by boy1: 19/04/18

CTM Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Last 50.5¢		Change -0.015(2.88%)		Mkt cap ! $250.8M

Open	High	Low	Value	Volume
49.5¢	53.0¢	49.0¢	$128.5K	253.8K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	4999	0.505
3	41000	0.500
2	33663	0.490
1	50000	0.485
1	259	0.480

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0.530	28902	2
0.535	6105	1
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0.550	2287	1
0.580	100000	1

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Ann: More High-Grade Nickel-Cobalt Assay Results From Itapitanga, page-175

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Ann: More High-Grade Nickel-Cobalt Assay Results From Itapitanga, page-175

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Featured News

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