I draw your attention away from current SP and Jaguar prospect to Jambriero Iron ore project. On 5/7/2019 CTM released its Pre feasibility study on Jambriero Iron ore project. My reading of the report indicates a price of US $75 per DMT for 62%fe was used in its financial assumptions. Current price is more than $170. I was informed by a person who is more knowledgeable of the project, that in his opinion, the value of the project in today's environment is near $400m. CTM's MC at close of trade today was $226m. If the valuation of Jambriero has merit then there is huge potential for CTM SP to increase significantly. The board may look at JV, spin off Jambriero into a separate company or develop the project itself. I recommend SH's re read report dated 5/7/19 and add their views to this post. Perhaps set up a separate thread headed Jambriero. Your comments would be appreciated. The above is my opinion and please DYOR.
Cheers Rob
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Last
51.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $255.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 9250 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 8300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9250 | 0.500 |
1 | 2453 | 0.495 |
2 | 43203 | 0.490 |
2 | 52000 | 0.485 |
1 | 259 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 8300 | 1 |
0.530 | 61799 | 2 |
0.535 | 102453 | 2 |
0.540 | 68818 | 8 |
0.550 | 2287 | 1 |
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