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20/02/18

19:04

Post #: 31199575
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Originally posted by IAN Z ↑

As mentioned in Mid-quarter update announcement, “Gold pour for week of 496 ounces Au, double the average for December 2017 Quarter”.

This means that the production of 6377 oz per quarter. Considering the price $1675 per oz, the CTL’s revenue will be $10.68M. Consider the estimated cash outflows of $7.9M for each quarter (see cashflow quarterly report – Dec 2017), the cash position for CTL will be $2.78M per quarter.

Consider that the production for the FY2018 and 2019 is targeted to be 135000 and 165000 tonnes milled (see Mid-quarter update announcement). If this or close to this target occurs, the cash position will be easily above $150M per year (you can calculate this using the above figures and cost figures in cashflow quarterly report – Dec 2017).

Considering the above figures, the existing market cap of $7.8M is ridiculous.

For me, the existing share price is absolutely a bargain and would not stay at this level for a long time.

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DO you mean 15m rather than 150m

CTL Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Absolute Bargain, page-2

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Don't cry that it's over: The Reject Shop shares to disappear on Wednesday

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