CTS contact uranium limited

price target 1.50 to 1.80

  1. jack64
    2,343 Posts.
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    15/04/07
    20:05
    Post #: 2356369
    couldnt agree more

    At current resource level, it traded at EV/lb less than $10/lb on fully diluted basis.

    It has potential in Corachapi project in Peru only for 33mlb. The potential EV/lb is about $3/lb

    The close one at ASX is EME, with similar grade, trading at $30/lb.

    Use this valuation, CTS worths $1.8.

    As as near term producer, it could has NPV over $330m at current soot price, or $3 per share on fully diluted basis.

    The price target is: $1.8 to $3.

    It is very cheap either way.
    CTS Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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