DFS and progressive studies rarely move the needle (SP) in my experience. I think at most there could be 1 more raise, We have $34m cash currently and you have to assume drilling slows down after DFS, financing 1H2024 ( will include working capital ) and construction kickoff 4Q2024/1Q2025.
It doesn't really get much quicker and its so far been a masterclass by CTM mgmt.
I've got it valued at about 0.15x NPV... do i think its undervalued? yes but i don't see what more mgmt can do other than advance the project like they have been doing to close that valuation gap.
CTM Chart 2022, page-292
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $225.7M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 44.8¢ | $37.78K | 83.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 54676 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 27788 | 5 |
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| Last trade - 13.58pm 25/06/2024 (20 minute delay) ? |
| CTM (ASX) Chart |