Thanks for my fellow posters for asking for my current thoughts on where CTM is currently.I am as more bullish than ever ,but patience will be required !!!
Firstly I just watched the Mines and Money this was chaired by Executive Chairman Jonathon Goodman from Dundee Corporation.(Dundee is a major investor in CTM in our recent CR)Jonathon said the companies they have invested in had enormous amount of due diligence completed and have huge upside potential.Jonathon was extremely excited that Governments across the globe and that they are really starting to look seriously at climate change.Jonathon mentioned in Europe that the population were asked what vehicle would they purchase next ,and 50% said they will purchase an EV.Jonathon mentioned that EV will struggle to keep up with demand in Europe alone.He also said that the Companies they have invested have huge potential to increase resources and they are in it for the long haul and they will do whatever it takes to assist these Companies to succeed.
I thought how Strategic Darren was to get a such a Company to be a major Shareholder in CTM,I certainly encourage watching the recording of this online when it becomes available.
Darren raised the below points.
-75 km Drilling Program,5 Rigs going flat out as we speak .
-Current we have Significant Resources,which will suit open pit ,which will result in very early pay back on Capital .
-Scoping Study will be released in February,currently drilling for infill and step out drilling for the SS.
-Demand for Ni will be significant with EV,we are very well placed in readiness for the upcoming rise in the Ni cycle.
-Europe is significant in the EV revolution,and are moving very quickly .
-20,000 Plus Tonne Ni Producer by late 2024.
-Infrastructure is fantastic ,where we are located ,we have cheap power,skilled workers available.We are located in world class mineral province.
-New targets identified where the RC drilling will be focused on.We haven't scratched the surface.
- More resources available at depth ,and the resource should be extended significantly.We haven't tested at length or along strike .
-Covid was raised ,Darren explained that CTM have processes in place,and we haven't been effected due to the pro active approach.
My commentary on CTM has not changed since my previous posts.Review at your leisure .
This will be overtime be "proven" as a Tier 1 project is my tip .The SP I still believe will be closer to $1 by Christmas,that's without the Scoping Study release,I feel the drilling we are currently doing will "de risk " the Jaguar Project and investor confidence will grow significantly.Longer term ,12-24 months time I feel we should be closer to $2 -$3 plus a share,especially when investors seeing the significant value of the open pit mining and also the very low costs with power ,skilled work force etc etc.This Jaguar project will be one of the most profitable Ni Sulphide mines globally .Watch that SS study fly in February next year .I feel Darren has been very strategic in pushing back the SS until February ,so that we get it correct the 1st time ,and and we get as much resource into indicated resources for the SS.You get one chance to get this correct!!! Hmnnnn very Strategic.
Watch out for the POX value added ,this will add enormous value to project and financials and again the value add can be done extremely cheaply due to,our extremely low cost base.Aussie producers simply can't afford due to the very high cost base ,eg power,work force etc etc .
I feel the new targets as per our recent release ,will be very interesting in particular The FIlhote prospect where the RC drilling should have started. This could really send the SP moving if we get the hits that are potentially there.Remember" the Guru" Roger Fitzhardinge knows Ni and country like no other.Fingers crossed.
Not a lot more to mention ,keep watching Sprott updates ,these guys are ex top flight geologist,that know their way around Disallowed companies.
I can't repeat enough,PATIENCE WILL BE VERY WELL REWARDED,so stop looking at every trade and refreshing the screen and reading into things,your mental health may also improve.
Also I’m so glad I'm not reading negatives posts on the CR ,yahoo, we have moved on thanks everyone!!!
That's it from BG the Bald Guy,Merry Christmas to all Stay Safe and let this Story unfold and you will extremely well rewarded is my tip !!! As always this is not advise,but hopefully makes a good read !!!
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43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $216.0M |
Open | High | Low | Value | Volume |
43.5¢ | 45.0¢ | 43.5¢ | $11.95K | 27.26K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 42461 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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45.0¢ | 8278 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 42461 | 0.435 |
4 | 44229 | 0.430 |
1 | 2320 | 0.425 |
1 | 8500 | 0.420 |
1 | 24000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 8278 | 1 |
0.460 | 31000 | 2 |
0.465 | 14995 | 1 |
0.470 | 30000 | 3 |
0.475 | 12351 | 2 |
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