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Centaurus Metals Limited ( (AU:CTM) ) has shared an update.
Centaurus Metals Limited has retracted a previous statement regarding the in-ground value of its Jaguar Project Mineral Resource, initially estimated at over US$14 billion. The retraction follows the JORC 2012 code clause 51, which indicates insufficient basis for such a valuation, advising investors not to rely on this figure for investment decisions.
The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.
More about Centaurus Metals Limited
Centaurus Metals Limited is an Australian company engaged in discovering and delivering critical minerals projects, primarily focusing on Brazil. The company is involved in the mining industry, with a particular emphasis on developing mineral resources.
Average Trading Volume: 485,502
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$168.9M
Find detailed analytics on CTM stock on TipRanks’ Stock Analysis page.