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Since I am no good at doing fundamental analysis, let me quote this YT
guy again. Whether his assessment is correct I can not verify. But
from previous experience, he has been in the ball park. Mkt StructureShares
475m
Mkt Cap @ 5c = $25m Current
Mkt Cap @ 10c = $50m Target 1
Mkt Cap @ 15c = $75m Target 2
Mkt Cap @ 20c = $100m UpsideCash
$2m not alot, but nearly all of its projects are funded by JV's so it doesn't need cashProjectsCatho Well Iron Ore, 30% Carried, West Pilbara
JORC 68Mt@55.4%Fe
Now CUL's main project is joint ventured to Australian Premium Iron which is jointly owned by AQA and Multi Billion dollar steel mills, they are firming up a large porject in the West Pilbara and are currently doing feasibility studies and although CUL's project is smallish it still represents 1/4th of the total project and as such will get into production, importantly CUL's deposit contains lower impurities and thus is required to blend with the other deposits
AQA/API have very very deep pocket |
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