Interestingly enough, I reckon the JAM IO play will be the next catalyst to the CTM sp rise. I would not imagine the updated BFS is too far off. IO is going bonkers, with existing Brazilian mines not getting a restart as fast as anyone thinks.
I think i read the design of these tailing dams in Brazil is only used there, and they will have to redesign and build all the dams prior to application for restart. That could take years. I could have misread hopefully someone can correct me.
what I don't exactly understand is who will buy the JAM IO and where will it be processed. Ship the raw product? Build a new mine? Is there other mines without this tailings dam design wanting more product? I think it's the latter.
I'll keep digging
Ann: $2.2M Placement Completed to Support Jambreiro FS Review, page-242
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $213.5M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 42.5¢ | $52.28K | 121.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 93866 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 8339 | 1 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| CTM (ASX) Chart |