CTM has arguably one of the best undeveloped nickel sulphide plays in the world.
Trading these levels, with broker vals ranging from $1.60 = $3.10, itsurely is on the hit list of a major industry players
The Jaguar deposit which is a top-20 global nickel sulphide deposit at 107.9Mt at 0.87% Ni for939kt.
Jaguar is the 4th highest grade deposit of the top 20 nickel sulphidedeposits in the Mac Bank database
One way to compare the relative value of the group is on an enterprise valueper contained nickel resource (EV/lb).
CTM is currently trading at anattractive EV/lb of A$0.18/lb, with its next closest peer NIC with an EV/lb ofA$0.43/lb.
MCR is the most expensive of the group on a EV/lb basis trading atan EV/lb of A$1.43/lb.
Wyloo makes $760 million offer forMincor Resources
Tom Richardson
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AndrewForrest’s Wyloo Investments has made a $1.40 per share takeover bid for nickeltenement holder Mincor Resources worth $760 million and at a 35 per centpremium to Mincor’s last closing price.
Wylooalready has a 19.9 per cent stake in Mincor, which owns a potential nickelproject in the Kambalda district of Western Australia. Any deal would expand MrForrest’s interests in the fast-growing battery metals sector.
CTM - a prime takeover nickle candidate
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $197.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.0¢ | 38.0¢ | $790.9K | 1.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1320 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 12500 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
38.5¢ |
Change
0.010 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| 39.0¢ | 39.0¢ | 38.0¢ | 82177 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CTM (ASX) Chart |