Fair enough apprentice, however in terms of the deposit not being a massive resource, i think you have to take into perspective the fact that CTS currently has a market cap of $26 million, with the deposit estimated at $695 million that makes it 26 times the current market capitalisation, in addition to this, when the half year accounts were released with these figures CTS owned only 80% of the deposit, however, they have recently entered an agreement to own 100% of that deposit. With that in mind as well as a number of other promising propects such as Kyrgyzstan, I believe it is hard to argue that CTS is not hugely undervalued. In my opionion the company has huge upside potential, particularly in the current bull uranium market.
CTS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held