NT man ni/co rc drilling going on at the moment to try and prove up jorc resource at Itapitanga.
I dont recall any mention of production to date(nothing to produce yet) and no time frames that i recall. Imo this may get proven up by jorc, then scoping study and sold off or j/v (i still see time frames of 3 years to go into production 2021).
The ni/co play took me by surprise a little but there was a mention ctm would be actively busy waiting for the wet season to end at Solabo west. Not sure anyone thought that would mean gain another tenement and drill for ni/ co in between.
What has taken me by surprise is the speed that this has happened. This all goes well for a large drilling campaign this year. Itapitanga, Pebas then the main course Solabo west(same strike as Vale along the cinzento shear zone (cu/au/co). I still see this as ctm's jewel in the crown and i see this as the main chance of ctm going into production.
I personally dont see iron ore production as we have too many ev battery/ hot materials atm.
I used to be uncertain but now im not sure
Take care
Mule
P.s sentiment from long term holders quite bullish atm. Have seen some massive volume go through in last 4 weeks.
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47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $233.4M |
Open | High | Low | Value | Volume |
45.0¢ | 47.5¢ | 45.0¢ | $206.0K | 447.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5000 | 45.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.0¢ | 2880 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5000 | 0.455 |
1 | 22000 | 0.450 |
1 | 10000 | 0.445 |
1 | 10000 | 0.440 |
2 | 30000 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 27260 | 3 |
0.490 | 35400 | 2 |
0.495 | 4548 | 1 |
0.500 | 8144 | 2 |
0.530 | 5000 | 1 |
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