DFS and progressive studies rarely move the needle (SP) in my experience. I think at most there could be 1 more raise, We have $34m cash currently and you have to assume drilling slows down after DFS, financing 1H2024 ( will include working capital ) and construction kickoff 4Q2024/1Q2025.
It doesn't really get much quicker and its so far been a masterclass by CTM mgmt.
I've got it valued at about 0.15x NPV... do i think its undervalued? yes but i don't see what more mgmt can do other than advance the project like they have been doing to close that valuation gap.
CTM Chart 2022, page-292
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Last
44.5¢ |
Change
-0.015(3.26%) |
Mkt cap ! $220.8M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.5¢ | $22.35K | 49.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13940 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 49241 | 2 |
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| Last trade - 13.10pm 10/07/2024 (20 minute delay) ? |
| CTM (ASX) Chart |