Here are a few other previous statements which in hindsight may help put the current unfolding situation in a little bit more of a positive light ......with a few accentuated highlights :-
" Agree , and like I said earlier - there is no ' real ' money to be made at .0085 or below at the present moment.....so the probabilities would suggest the next big move will be knocking on 1 cent after bowling through .009. This would be my opinion , however CTM trading directions have been unusual to say the least on many occasion's...."
" Now lets say someone else were to underwrite the OB's ( there are past precedence for this ) Under this scenario , and in VALE's case ...assuming they haven't already been buying on market , would have an immediate 18.7% stake in CTM. However in a Hancock Prospecting scenario , they would immediately have a controlling stake of 21.3 %. And all for the heavily discounted price of 1 cent. "
" Then there is the goodwill that VALE obviously needs to restore in improving their own operating reputation - particularly in perspective of the new government . What better way than to demonstrate this by lending their support to the development of some emerging , potentially large and nimble projects domiciled in their own backyard."
" And I don't think we can underestimate or dismiss the potential NPV of perhaps half a billion dollars and then some which could be generated from just the combined projects of Jambreiro and Itapitanga alone. So IMO this supports the old real estate phrase of it's all about .....Location - Location - Location "
" The key however is the blind side potential in this funding being stitched up and coming to fruition sooner than the Market and players would normally anticipate. As we can see elsewhere around the market the precedence for funding can play an integral role in how the SP behaves in the near term. You only have to look at AUZ .....and in a completely different Industry say FAR. In both cases the market does not know if funding is possible or even around the corner ....and yet the market seems to price in the faith or in effect the ' probabilities ' of this milestone being able to be achieved. But nevertheless it is prepared most often to take the ' punt ' on the likely success."
" in CTM's case , it would be my opinion that there is a very good chance that we are closer than most would think on an ' out of left field ' favorable outcome which would of course automatically re-rate the SP to reflect this valuation spend.....not to mention EBITA and resulting Average Annual Operating Cashflows from the project of AUD $19.4 million which in turn well supports the ' Paypack ' on this CAPEX over the first couple of years. "
" .....and it is quite obvious that they are pushing this angle quite heavily .....as reflected in the 6.0 v 1.0 measured in number of pages of write up in the activities report. " Not to mention these comments :-
" The Company’s 100%‐owned Jambreiro Project, located in south‐east Brazil (Figure 1), is a shovel‐ready development project that is licensed for 3Mtpa of production and represents a strategic asset in the Brazilian domestic iron ore and steel sector, particularly with the premium pricing that exists in the market for high-grade ore (+65% Fe) such as that which could be produced at Jambreiro. "
" Based on the strong project economics, the Board has approved the commencement of a BFS, which is being targeted for completion before the end of 2019. Importantly, the key environmental and mining approvals are all in place to facilitate the timely delivery of the Project. "
" Now we all know that you don't simply go from knot to 100 in presenting a finalised BFS without hearing a lot more news or anything further in regards this project "
" The most important highlight in my mind is the mere fact that they mention at least twice in the Quarterly Activity Report of ' Discussions ' ...which of course we are a long way away from when compared to say Salobo West."
" Off-take discussions progressing with potential customers for the supply of high-quality ore into both the Brazilian supply-disrupted domestic market as well as the international export market. "
" So make no mistake , and permits aside on Salobo , the money deal and the minimum $50 million market capitalisation as I have previously mentioned for Jambreiro will be what gets us the initial coin for the trade. The Salobo licence IMO is but another $10 - $20 million ' Bonus ' on top of that. At the end of the day , that should get us to near enough 3.0 cents if I am any judge - perhaps a fair bit higher with additional news coming from Itapitanga in the next QTR. " .............
CTM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
(20min delay)