CTM 5.56% 34.0¢ centaurus metals limited

Jambriero Iron Ore project.

  1. 468 Posts.
    lightbulb Created with Sketch. 128
    CTM announced on 5/7/2019 the results of their PFS confirming low cost, strong economics for 1mtpa iron ore operation. following dot points
    * Life of mine revenue A$1,052m, EBITDA A$533m using conservative LT 62%Fe reference price of US$75/tonne
    * Pre production capital estimate of A$55.8m with 22 month capital payback.
    * Mining Licence granted and in place
    * key environmental approvals granted and in place
    * Board approval in place to commence BFS and advance financing discussions with a view to making a final investment decision in early 2020.
    CURRENT PRICE OF Fe 62% iron ore is US$178 ie US$103 MORE THAN ASSUMPTION PRICE

    AND THEN ALONG CAME VALE.

    I would suggest the value of Jambriero to CTG may be in the vicinity of A$400m which is far greater than current MC of CTM.
    Cheers Rob

 
watchlist Created with Sketch. Add CTM (ASX) to my watchlist
(20min delay)
Last
34.0¢
Change
-0.020(5.56%)
Mkt cap ! $168.7M
Open High Low Value Volume
36.5¢ 37.0¢ 34.0¢ $220.5K 614.4K

Buyers (Bids)

No. Vol. Price($)
5 23244 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
35.0¢ 54116 1
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CTM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.