I think you need to look at it like this
what are the chances you can fund a $500m capex bill in this market?
id suggest none and there ain’t going to be a white knight.
so then the question is what’s a stranded project worth in a down market?
Someone is probably interested as a out of the money nickel option but what price that might be is hard to say, I personally think $20-$40m range is reasonable
CTM Chart 2022, page-505
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $221.0M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 43.5¢ | $41.04K | 93.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 48029 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 1264 | 1 |
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| Last trade - 11.09am 12/11/2024 (20 minute delay) ? |
| CTM (ASX) Chart |