NT man ni/co rc drilling going on at the moment to try and prove up jorc resource at Itapitanga.
I dont recall any mention of production to date(nothing to produce yet) and no time frames that i recall. Imo this may get proven up by jorc, then scoping study and sold off or j/v (i still see time frames of 3 years to go into production 2021).
The ni/co play took me by surprise a little but there was a mention ctm would be actively busy waiting for the wet season to end at Solabo west. Not sure anyone thought that would mean gain another tenement and drill for ni/ co in between.
What has taken me by surprise is the speed that this has happened. This all goes well for a large drilling campaign this year. Itapitanga, Pebas then the main course Solabo west(same strike as Vale along the cinzento shear zone (cu/au/co). I still see this as ctm's jewel in the crown and i see this as the main chance of ctm going into production.
I personally dont see iron ore production as we have too many ev battery/ hot materials atm.
I used to be uncertain but now im not sure
Take care
Mule
P.s sentiment from long term holders quite bullish atm. Have seen some massive volume go through in last 4 weeks.
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49.0¢ |
Change
0.030(6.52%) |
Mkt cap ! $243.3M |
Open | High | Low | Value | Volume |
46.0¢ | 50.0¢ | 46.0¢ | $72.52K | 152.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 82780 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 4358 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 82780 | 0.480 |
1 | 23782 | 0.470 |
1 | 8861 | 0.465 |
4 | 32522 | 0.460 |
1 | 15000 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 4358 | 1 |
0.500 | 113655 | 4 |
0.510 | 99946 | 1 |
0.520 | 19203 | 3 |
0.525 | 46240 | 2 |
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