ASX nickel stocks in the newsflow
CENTAURUS (ASX:CTM): It is trading at $1.01 for a $360 million market cap ahead of a “significant’’ increase in the mineral resource estimate (MRE) at its Jaguar project in northern Brazil.
Due any day now, the new estimate will build on what is already a globally significant resource of 562,000t at a grade of 0.96% nickel.
Brokers following the stock have a $1.40-$1.50 price target range on the stock ahead of the resource upgrade which follows an intense drilling program in 2021 employing eight drill rigs.
The company plans to become a nickel producer in 2024, with annual output of 20,000t from a $US288m development which at prices well below spot, could pay back its capital in 20 months.
A definitive feasibility study into the initial 16-year project is due to be completed in the fourth quarter of 2022.
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Last
39.5¢ |
Change
-0.010(2.47%) |
Mkt cap ! $196.0M |
Open | High | Low | Value | Volume |
40.5¢ | 44.0¢ | 38.3¢ | $319.5K | 785.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 49999 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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40.0¢ | 34232 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 49999 | 0.395 |
1 | 30000 | 0.365 |
1 | 14111 | 0.360 |
2 | 65000 | 0.355 |
2 | 21000 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 34232 | 1 |
0.405 | 2163 | 1 |
0.430 | 84000 | 2 |
0.435 | 34000 | 1 |
0.440 | 43445 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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