CTM-Huge Nickel Play Unfolding, page-1027

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Von Rico

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12/12/20

01:45

Post #: 49527064
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Originally posted by blokes: ↑

With all the nickel good news can you imagine if they unlocked some value from the dunk cost on hambi iron ore.

—- from agm ...

”Turning now to our iron ore assets, and more specifically our Jambreiro Iron Ore Project, located in Minas Gerais, in south-eastern Brazil. This fully permitted, shovel‐ready development project represents an important strategic asset in the Brazilian domestic iron ore and steel sector, with a positive Pre-Feasibility Study completed in July last year outlining a robust one million tonne per annum start-up project capable of generating life-of-mine revenues of A$1.05 billion and EBITDA of A$533 million over its initial 18-year life. The strong economics of the proposed A$59.8 million development included a A$114.9 million post-tax Net Present Value and an Internal Rate of Return of 32% for a 1Mtpa operation.With these positive economic metrics confirmed for the project development, our next step for Jambreiro is to finalise a suitable offtake arrangement for our iron ore products. The completion of an offtake agreement will enable Centaurus to further consider the financing alternatives for the Project to support a potential development decision.Importantly, the key environmental and mining approvals for Jambreiro are all already in place, positioning the Company to rapidly transition to project development once offtake and financing are complete.In parallel with our offtake discussions, Centaurus is also assessing other value realisation opportunities for Jambreiro in order to maximise value for shareholders.

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If they don’t sell the iron ore project they could probably float it off into a separate company to raise the development cash and give existing holders an in-specie distribution of shares in the new company.

As a distribution of capital that would also reduce the par value along with a very considerable reduction in the exercise price of the options.

This could happen unexpectedly at anytime and could result in a very considerable revaluation of CTMOC. Exciting stuff!

CTM Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

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(20min delay)
Last 46.0¢		Change 0.005(1.10%)		Mkt cap ! $228.4M

Open	High	Low	Value	Volume
46.5¢	46.5¢	45.0¢	$14.37K	31.00K

Buyers (Bids)

No.	Vol.	Price($)
3	21220	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	14995	1

View Market Depth

No.	Vol.	Price($)
3	21220	0.450
1	99996	0.440
2	26755	0.430
1	2320	0.425
1	24000	0.415

Price($)	Vol.	No.
0.465	14995	1
0.470	30000	3
0.475	6351	1
0.480	6000	1
0.485	5000	1

Last trade - 15.45pm 05/11/2024 (20 minute delay)

CTM (ASX) Chart

CTM-Huge Nickel Play Unfolding, page-1027

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