DFS and progressive studies rarely move the needle (SP) in my experience. I think at most there could be 1 more raise, We have $34m cash currently and you have to assume drilling slows down after DFS, financing 1H2024 ( will include working capital ) and construction kickoff 4Q2024/1Q2025.
It doesn't really get much quicker and its so far been a masterclass by CTM mgmt.
I've got it valued at about 0.15x NPV... do i think its undervalued? yes but i don't see what more mgmt can do other than advance the project like they have been doing to close that valuation gap.
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Last
41.0¢ |
Change
-0.015(3.53%) |
Mkt cap ! $203.4M |
Open | High | Low | Value | Volume |
41.0¢ | 42.5¢ | 41.0¢ | $122.1K | 290.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3701 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 12954 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3701 | 0.410 |
3 | 24351 | 0.405 |
2 | 99912 | 0.400 |
5 | 94750 | 0.395 |
3 | 107132 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 12954 | 6 |
0.420 | 1732 | 1 |
0.425 | 90389 | 3 |
0.430 | 91270 | 4 |
0.435 | 139400 | 3 |
Last trade - 14.34pm 18/09/2024 (20 minute delay) ? |
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CTM (ASX) Chart |