Freestyler....
"......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....."
Yes I absolutely agree with you....CTS' market cap per lb of uranium is almost on par with MTN (actually it's even a little better), and I consider MTN to be extremely undervalued.
In my estimation though the lack of any sovereign risk in MTN cancels that out, and MAYBE that makes MTN a little better.
BUT, in saying that, I most certainly will throw some money at this in the not too distant future....I might, as I mentioned in my previous post, just wait a little while and see if there will be a capital raising soon, and get in around there. Looking at the chart, I've noticed a little bit of a retrace in the last month or so, so the trend is down a little, as if the market might well be expecting one. I think 0.50 might be a reasonable entry point from here.....with a little bit of luck, I might be able to get some....although there's not much for offer in the 0.50's at the moment!!
Cheers
:)
- Forums
- ASX - By Stock
- weekend australian article
CTS
contact uranium limited
Freestyler...."......however in terms of the deposit not being a...
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)