The latest announcement confirms that CTL is now on track and we are very close the reach the targeted share price of 3-4c.
As per the Mid-quarter update, the gold poured in the first 6 weeks of March quarter is 1896 oz. As per the ASX query response, the gold poured in March quarter is about 4734 oz. Therefore, the gold poured in the last 7 weeks will be 2838 oz which means 404 oz per week. If we keep the same track as we could do in the last few weeks (404 oz per week), the production will be 5252 oz per quarter and so the revenue will be $8.9M. Considering the cost of $7.9M per quarter, the net cash will be $1M per quarter so $4M per year. Assume a PE ratio of 10, the share price should be around 4c.
The share price for this stock has a very high potential to reach 4c. Do not sell it cheap when you know it worth much higher.
CTL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
