excellent post phil365 thnx. I don't remember how I came across...

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mitis

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01/01/21

20:33

Post #: 49897989
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Originally posted by phil365: ↑

20c target closer to production, puts us closer to our NPV of A$30m the base case assumption in PFS phase 1.
Conservative if you ignore the following:

W price movement, plus Sn is now $1300 above PFS assumption (6.8% increase)
also ignoring upside in Can. projects Q1 HEM result and drilling of targets
The further studies with the 8t bulk sample for recovery improvement of the fines
(1% improvement in recovery approximates to A$1m additional NPV) also allows cut off grade to be lowered.
Further studies on by product credits and understanding the separation of these (Cu&Zn sulphides + Kaolin) economic value
17.2 Resource opportunity: of PFS also demonstrates further studies and opportunities been looked at, there is considerable upside in the following: The current cut off is 0.05% WO3.

NEWS DUE: Jan Ann: should be immediate start into drilling campaign

1630m drilling campaign planned to commence in Jan and should add to mine plan

19.5c - 35c was broker estimate (base to bull case in regard to W pricing) again this was based on SC and PFS level (No UG and no expansions of throughput)

For this year (2021) also got RFRO expiring 31-Oct-21current $0.012 exercise $0.30, to keep an eye on.
1) this gets pumped in time to put them in the money or 2) it does not and we can eliminate this as further dilution (approx. 20%)
27m shares, which is $8.1m at 27mx30c if was 100% converted.

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excellent post phil365 thnx.
I don't remember how I came across RFR, but I am looking to switch more profits from CTM over in the coming weeks, so thanks for your informative posts.

I'm intrigued however why the MC is so low still, given what they have announced to market to date

RFR Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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