Centaurus Metals (CTM.AX), mcap=A$427m, price A$1.00 vs A$0.93

– Australia-listed miner with nickel mine under development in Brazil.
– Landmark asset.
– Projected to have the highest operating margins among nickel resources globally.
– 60% lower operating costs than in nickel sulfide mines owned by $VALE and $BHP.
– Exposure to increasing high-grade nickel demand for battery production – a market already in deficit for Class 1 nickel.

Valuation: Trades at 25% of NAV assuming spot prices 30% below current ones.

Exp. gain: +240% to A$3.6/share in 3 years

Full $CTM.AX write-up (free guest account required):

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