I don't think your "best case" scenario is accurate.
Advance discussions with various parties on establishing exploration partnerships at the Beasley
Creek (gold and lithium), Success Dome (base metals, gold) and Polelle and Wanganui (gold)
project
Particular technical attention is being directed towards the Kpali, Bundi and Kandia gold discoveries
and generally the evaluation of options that will see exploration at these appropriately funded. As
previously flagged, this may include a sale with a retained interest, farm-outs or an IPO/RTO on ASX.
*Clearly the above options would be the "best case" scenario and the ones the company is currently working towards. They also have a lot of experience in these areas.
This will provide ample funding for intensive exploration programs without any further dilution to shareholders. - including
Castle’s Earaheedy project comprises three sub-projects: Withnell, Terra Rossa and Tablelands. The
geology, prospectivity and strategic value of these areas are analogous to and closely associated with
the nearby Rumble Resources Limited’s (ASX: RTR)(“Rumble”) provincial-scale Earaheedy base
metals discovery. Rumble recently announced a maiden JORC CODE (2012) MRE comprising 94Mt
grading 3.1% zinc + lead, and 4.1g/t Silver (2% Zn+Pb cut-off)(Refer ASX: RTR 19 April 2023).
Several targets have been delineated for drilling. Priorities are being assessed on the basis of
technical merit and ease of access as relates to the securing of land access and exploration
agreements with the relevant Native Title parties and the costs, timing and logistics of undertaking
heritage surveys.
the way I see it.. the world has just come out of one of the biggest global shutdowns it has ever experienced.. financially things look terrible from the government's actions and countries May slip into recession.. the best way for countries to fight there way out of recession is to implement massive infrastructure programs (most major countries have already announced huge financing packages in this area) all these things should lead to a sharp increase in commodities and pricing.
I'm betting undervalued companies like CDT with multiple commodities will attract a lot of attention in this environment.
Changing Sentiment back to Buy as I think we have hit bottom here.
(20min delay)