I draw your attention away from current SP and Jaguar prospect to Jambriero Iron ore project. On 5/7/2019 CTM released its Pre feasibility study on Jambriero Iron ore project. My reading of the report indicates a price of US $75 per DMT for 62%fe was used in its financial assumptions. Current price is more than $170. I was informed by a person who is more knowledgeable of the project, that in his opinion, the value of the project in today's environment is near $400m. CTM's MC at close of trade today was $226m. If the valuation of Jambriero has merit then there is huge potential for CTM SP to increase significantly. The board may look at JV, spin off Jambriero into a separate company or develop the project itself. I recommend SH's re read report dated 5/7/19 and add their views to this post. Perhaps set up a separate thread headed Jambriero. Your comments would be appreciated. The above is my opinion and please DYOR.
Cheers Rob
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $163.7M |
Open | High | Low | Value | Volume |
34.5¢ | 35.0¢ | 33.0¢ | $120.5K | 357.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 47247 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 47247 | 0.330 |
3 | 19000 | 0.325 |
4 | 13483 | 0.320 |
3 | 44750 | 0.310 |
1 | 60000 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 10000 | 1 |
0.360 | 31447 | 2 |
0.370 | 969 | 1 |
0.380 | 8399 | 1 |
0.390 | 50000 | 1 |
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