Elephant country

Market cap at 1c = $17M

At 2c, CTM would be worth just $43M fully diluted, with $11M+ cash (assuming options are converted), an EV of just $30M.



IMO 2c is a reasonable target given the potential our three assets have


1. IRON ORE - potential AU$1.5M payment + 12% royalty

This is 48.5Mt  @ 28.1% Fe, including 18Mt of high grade +65% Fe, with mining license in place.


2. SERRA - potentially massive porphyry play. Several thousand m's more drilling and assays to come



3. SOLOBO - these are just 12 kms away from Vale's flagship Solobo Mine, worth a few $Bn. They did a massive funding deal with Silver Wheaton to kick off their capex

http://www.newsfilecorp.com/release...m-Vales-Salobo-and-Sudbury-Mines#.WZ1RZSig_IV

Vale previously held these tenements but let them slip. CTM has secured SWI, we are currently awaiting confirmation of SWII. Vale's ex-head geo is also onboard CTM



CPS behind this, I'm sure at the right time institutional buying will find it's way to the register and the story will receive mass promotion

With field work commencing at Solobo in September, I can't see why this won't sit at 1c+ or at least a $17M market cap. Solobo is the easiest BESBS to market, being a stones throw away from a 1.2Bt deposit and on the same shear zone !