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
CTM announced on 5/7/2019 the results of their PFS confirming...
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