I don't see why so many blokes knickers are in knots.
CTM have swapped a BIG maybe [in terms of if they could pull it off, how long it would take to progress, and realistically if that magic resource is there] for a proven resource and great project that is really probably at the limits of what they can handle given money on hand + other things in the works.
I get people are pissed because this was a blind side but look at some simple facts. This project is closer to Itapitanga, similar metal / mining expertise required, and its closer to production for a company like this. If it was Rio or BHP palming off Salobo I'd be pissed but this is a $20M odd market cap company.
Yes, if some dardy drill results come back from Salobo there probably would have been a momentary share price spike, but how many people REALLY would have sold out? Some yes, most no.
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315,000 tonnes of nickel vs 242,000 tonnes of nickel, page-63
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Last
35.0¢ |
Change
0.020(6.06%) |
Mkt cap ! $173.6M |
Open | High | Low | Value | Volume |
34.0¢ | 35.0¢ | 33.5¢ | $66.55K | 194.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2489 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 19987 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2489 | 0.345 |
1 | 40000 | 0.340 |
2 | 31141 | 0.335 |
5 | 62421 | 0.330 |
4 | 49999 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 19987 | 1 |
0.360 | 8763 | 1 |
0.370 | 969 | 1 |
0.380 | 8399 | 1 |
0.390 | 50000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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