Market cap now just $124m including $34.6m cash so EV about $90m for one of the worlds biggest and greenest Ni Sulphide projects. Most recent valuation 5 February 2024 @ $1.80.
Current EV = just $95 ton for ultra-high grade green nickel in the ground. CTM cost of extraction one of the lowest in the world. Top 20 have most of the stock tied up. Hard to understand why it is trading at this level. Raising money at this level would be quite dilutionary but a bargain for anyone who participates, assuming there is a fundraising. JV much more likely IMO.
CTM Chart 2022, page-493
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $232.9M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 46.0¢ | $79.62K | 169.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33306 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
47.5¢ |
Change
-0.015 ( 1.29 %) |
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| Open | High | Low | Volume | ||
| 47.0¢ | 47.5¢ | 46.0¢ | 43339 | ||
| Last updated 15.57pm 24/05/2024 ? | |||||
| CTM (ASX) Chart |