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0.4¢ castle minerals limited

Ann: Additional Earaheedy Basin Licence Applications, page-151

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benkenobi

346 Posts.

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19/10/21

13:15

Post #: 56905572
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Originally posted by setfire2thehive: ↑

Maybe I can help.

This is essentially where the team delineated the strategy. Well namely where they expected to allocate funding. Raise 10% of MC is right where you want to be. Less and it doesn't give a good balance sheet, more and it's ultra dilutive.

IMV they'll use this round of funding as prescribed below on projects where they already have a more intimate knowledge of ready targets.

View attachment 3710327

The Lithium tenement application highlighted Post #:56898428 and Post #:56904207 Post #:56582879 are more likely to come under assessment next time around.

As in 6-12months from now post this initial expenditure on the other projects inclusive of drilling they can also perform low cost assessment of the lithium tenements over next 6 months.

From there I imagine CDT is hopefully trading at a larger premium based on the opportunity of the projects and ideally some exploration success in the next 6 months. You're then talking ideally about a 30-50M MC company looking to raise 5-7M for it's next round of development. (Likely including what appears to be the at surface pegmatites.)

Just my view.

Also recommend watching this. I did other the last few days and made notes/investigation from there also.

Hope that help to affirm what their direction is. If still concerned give the team a call.
Here it straight from the horses mouths - It's always part of my DD.

SF2TH

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Thank you for your reply and clearing things up for me. Appreciate it

CDT Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Ann: Additional Earaheedy Basin Licence Applications, page-151

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Ann: Additional Earaheedy Basin Licence Applications, page-151

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