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
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
46.5¢ | 48.0¢ | 45.0¢ | $443.8K | 946.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 242920 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.0¢ | 104703 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 242920 | 0.470 |
1 | 50000 | 0.460 |
1 | 11580 | 0.455 |
1 | 4417 | 0.445 |
3 | 36897 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 104703 | 3 |
0.485 | 1105 | 1 |
0.490 | 183284 | 6 |
0.495 | 6000 | 1 |
0.500 | 51801 | 2 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
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