CTM 1.09% 45.5¢ centaurus metals limited

Hi Au.Go to the website for this.But in summary the company has...

  1. 315 Posts.
    Hi Au.
    Go to the website for this.

    But in summary the company has two strategies:

    Domestic - annualised production of 3 mt iron ore (+63% Fe) by the end of 2013 for Brazillian market. The JORCs for this is pretty much known. So countdown from now.

    Export - aims to identify or acquire a project (s) that will produce 12 - 15 mtpa (69% Fe)

    If you look in detail at the company`s exploration sites it should inspire confidence.

    CTM bears no resemblance to its predecessor GGY. Fully Fe. And an ambitious, focussed, and highly competent management (they hold over 12%).

    As for sp by production at the end of `13, I`m picking $1 +.

    And 30c by the end of the year.

    However, I`m very much in the long-term camp.
 
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