An ex metallurgist mate of mine (who deciphers all of the exploration and drilling reports for me, and obviously still has his fingers on the pulse) had dealings with Simulus a number of years ago and tells me they are top operators, who "wouldn't be wasting their resources on a s**t project", so they must have a high level of confidence they can extract value from Itapitanga for themselves and CTM
He said..
* a free carry to a decision to mine has got to be worth ~$15m with the drilling, resource/reserve estimation, processing, pilot plant, engineering studies etc
* Simulus recently worked on BFS (processing plant costings) for Australian Mines Cobalt-Nickel-Scandium "Sconi" project, and will be "all over" the requirements for the Itapitanga project
* They have the biggest "sulphate extraction demo plant in Australia where all the pilot plant testing can be done to produce battery grade nickel and cobalt.
* reckons it's a really "smart" JV!!
Good luck to all holders!
An ex metallurgist mate of mine (who deciphers all of the...
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $205.9M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.5¢ | 45.0¢ | $206.0K | 447.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5000 | 45.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2880 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |