Short Term Trading Week Starting: 18 Mar, page-90

Top shelf analysis @rick64

I too have done well with CTM over 12 months. But I bottom drawed a (in hindsight, rather large) parcel of OBs and heads due to the multiple potentialities I saw CTM could capitalise on well: nearology, new Pres, indications of imminent enviro liscence approval, and Jambreiro as like an $100 note in an old jacket pocket somewhere, just waiting to be realised.

The CR price was what I expected. But it wasn't what I expected it to be for. They make a good point about updating their study on the Jambreiro Project in light of global and domestic developments. Paricularly since it was the excitement around Jambreiro back in 2012,2013 that pushed CTM to 80c when ore prices were $140-120 USD (They're now $80-90 USD). So current prices are about 65% of the high prices of 2012-13. So at current prices, 65% of 80c is 52 odd cents. Even if 80c was a big pump, without a pump 20-30c could be pretty nice. We could only dream