CTM - Centaurus Metals

[Miner]

Rolled the rest of them out today.
Too big a risk for me, will have to look elsewhere.
Mick

@mullokintyre - if you can share please what others Nickel wannabee you are looking for an option?

 

[mullokintyre]

@mullokintyre - if you can share please what others Nickel wannabee you are looking for an option?

Not looking for any other options ATM.
Think there will be some significantly cheaper bargains in the resources sector in the near to medium term.
Keeping my powder dry.
Mick

 

[Sean K]

Not looking for any other options ATM.
Think there will be some significantly cheaper bargains in the resources sector in the near to medium term.
Keeping my powder dry.
Mick

Mick and @Miner I can't find anything else on the ASX that has a decent deposit that's not owned by BHP or IGO. All the others are explorers or have very small beer. I'm hanging around till it's close to production, so another 3 years perhaps. Lot's could happen in the meantime but I'm playing the long game with this thing. Still early in the Lassonde Curve and once Indonesian production slows and the Nickel surplus of 2023 runs into deficit in 24, PON should still be around the 12lb/$24000tn ish. That'll put an NPV on CTM of well over $2.5b. Just a waiting game for me now.

 

[Miner]

Book your tickets – Swiss Mining Institute

SMI invites over 400 selected Asset Managers, Fund Managers and other Professional Investors from Switzerland/Geneva & Zurich.

swissmininginstitute.ch

Program – Swiss Mining Institute

SMI invites over 700 selected Asset Managers, Fund Managers and HNWI from Zurich.

swissmininginstitute.ch

Presentation from the MD of Centaurus Metals at Swiss Mining Institute Investment Conference on 22nd March at Zurich (World's finance capital)

 

[Sean K]

Book your tickets – Swiss Mining Institute

SMI invites over 400 selected Asset Managers, Fund Managers and other Professional Investors from Switzerland/Geneva & Zurich.

swissmininginstitute.ch

Program – Swiss Mining Institute

SMI invites over 700 selected Asset Managers, Fund Managers and HNWI from Zurich.

swissmininginstitute.ch

Presentation from the MD of Centaurus Metals at Swiss Mining Institute Investment Conference on 22nd March at Zurich (World's finance capital)
View attachment 154700

Must be palm pressing for finance for the Capex. No other reason to be in Switzerland really, except for the vistas.

Probably best to avoid the Credit Suisse dudes.

 

[Sean K]

Mick and @Miner I can't find anything else on the ASX that has a decent deposit that's not owned by BHP or IGO. All the others are explorers or have very small beer. I'm hanging around till it's close to production, so another 3 years perhaps. Lot's could happen in the meantime but I'm playing the long game with this thing. Still early in the Lassonde Curve and once Indonesian production slows and the Nickel surplus of 2023 runs into deficit in 24, PON should still be around the 12lb/$24000tn ish. That'll put an NPV on CTM of well over $2.5b. Just a waiting game for me now.

I was going to add MCR to the list of Ni miners on the ASX and it's timely Wyloo have lobbed a bit to see how much they think MCR is worth on current resources and production profile.

Wyloo valuing MCR at about $750m.

MCR resource is 5.9Mt @ 3.8% for 223Kt contained Ni, producing about 10Kt Ni sulphate pa.
CTM resource is 100Mt @ 1% for 1Mt contained Ni, planning to produce well over $20Kt Ni sulphate.

CTM current MC $340m.

Will obviously be diluted through further development and Capex, but that's a very big difference in prospective value.

Buying more CTM.