In a few short years FMG market cap has grown from less than $4 billion to a massive $78 billion by being in the right product (iron ore) at the right time. A few years ago iron ore was barely profitable and now at near record prices.
Look at the nickel price graph in my previous post above and note the difference in current price to that in 2007. That difference could be 100% profit to our bottom line from current near break even levels. The world is gearing up for an EV revolution, it is happening, and massive infrastructure is being put in place globally, Biden has a mandate and nickel could become the new iron ore and with a current market cap of just $400M, CTM could become the new FMG.
Nickel price to boom in 2021, page-8
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 36.0¢ | 34.5¢ | $68.82K | 197.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 61188 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 27397 | 1 |
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| CTM (ASX) Chart |