Edward Legg

I feel the Edward Legg (EL) appointment as CLA new project manager has not been fully appreciated.
EL is going to finalise the scoping and the feasability studies this year. This guy is highly respected and experienced in southern African Co Cu projects. He was operations director in charge of building the Ruashi copper cobalt mine in DRC for SA junior explorer Metorex (2007-8.) The Ruashi resource which -if you recall -is the one the Freiberg University metallurgy and mining Guys reffered me to as having most similar charecteristics to CLA's Upowa resource. EL successsfully oversaw the establishment of a succesful mine on that resource now porducing approx 36,000 tons copper and 4,500 tons cobalt a year. In 2011 Chinese group Juchuan Group International Resources (HK 2363) bought out Metorex and their Ruashi mine for a USD 1.356 billion USD -(AUD 1.7 billion at todays rate!!!). So EL is not reinveting the wheel there.


EL, like BB, then ran a succesful consultancy to copper cobalt mine development in Southern Africa (including to the massive Lumambe mine in neighbouring Zambia)- and Like BB he has now seen fit to drop all that and join CLA and put his name behind it. Moreover from the ann s I see he has agreed to take his main profit incentive in the form of 2 million CLA options with a strike price of 17.5% (70% out the money today !!) -

-Now do you doubters think a knowledgeable and highly respected and experienced guy who's spent years succesfully developing smiliar Co Ca resources in the region - so they can be sold for a 1.7 billion AUD valuation buyout would join CLA and take his incentive (profit package) as 17.5 cent strike options expiring in 2 years if he wasnt pretty dammned bullish about the potential of Opuwu to be mined???