Hoping CTM goes to 3.5Mtpa with the upgrade in MRE's coming through.
If they can do 3.5Mtpa and maintain 1% feed grade at 82% recoveries we get ~28.5kt/pa of metal
Assume that AISC goes to $4.50 ($4 in SS - but CTM might not do too badly with a lot of hydro power etc with inflation).
Nickel seems to have found a floor at around $25k/t even though everything been melting down.
If you assume $11/lb that gives us $6.50/lb margins.
US$407m per annum EBITDA. That is probably a 1 year payback even if you assume some solid capex blowout.
That's also greater than current MC.
I think we are likely trading less than <0.2x eventual NAV here
CTM Fundamental's., page-15
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $196.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 44.0¢ | 38.3¢ | $319.5K | 785.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 34232 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |