Hello....anyone read this yet?
Some interesting points.
It kind of suggests that 2.7mtpa will be the final design (noting that softer ores will be able to bump the throughput higher than 2.7). And it goes on to say that they have agreed with Ausenco the equipment size....ok, so what is it? Not entirely conflicting comments, but not entirely consistent comments either!
And this
Recoveries significantly higher which offsets the need to increase plant size....to an extent.
This is an unusual statement. I thought end product was going to be agreed (with the offtaker (my words)) during the FS process, but here it says CTM has control over this. It's probably too late to change away from Ni Sulphate, but who is to say Vale wants Nickel Sulphate. Maybe someone wants it more than Vale does, and could pay more for the supply. It's unlikely, but this statement slightly suggests it is not a one horse race, IMO.
And a new person to help with sales/marketing. With further suggestion it is not a one horse race for the offtake. Nothing like some competitive bidding. And hopefully with some financing to come with it (like Ford did with LTR spodumene offtake).
Another interesting aside here is that there is no mention of financing discussions, but there is loud and clear mention of FID by Q3 2023. You can't have the latter without the former in place. My thinking is that financing will be linked to offtake. Car makers are becoming very involved with mining enterprises to secure product. That should bode well for CTM.
Be interesting to hear others take here, and Sprotts update tonight/tomorrow.
How can we only have had 57k shares traded today on this announcement. The SP need some of those blue pills Plums keeps scoffing...
AIMO.
- Forums
- ASX - By Stock
- CTM
- Ann: Jaguar Taking Shape as a Globally Significant Nickel Project
Ann: Jaguar Taking Shape as a Globally Significant Nickel Project, page-3
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.0¢ |
Change
-0.010(1.96%) |
Mkt cap ! $248.3M |
Open | High | Low | Value | Volume |
50.0¢ | 51.5¢ | 49.0¢ | $1.213M | 2.425M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19855 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.5¢ | 16000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19855 | 0.500 |
2 | 25437 | 0.495 |
2 | 3000 | 0.480 |
2 | 23151 | 0.465 |
2 | 59850 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 16000 | 1 |
0.520 | 41649 | 6 |
0.530 | 5000 | 1 |
0.535 | 9699 | 1 |
0.540 | 30000 | 3 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
CTM (ASX) Chart |