CLA - Multibag Play

As CLA gets more & more attention since it's relisting, it's appropriate to start a thread with a brief summary of what the company has to offer to make it easier for potential investors to digest.

I'm firmly of the belief that CLA is a multi-bag play over the short term with a potential >10x over the next 12 months as it begins it's 'KDR / BGS' type run.

CLA relisted in Dec 2016 after raising 1.6m @ 1c. Note that this offer was increased from 1.2m due to the overwhelming demand for the stock. Since relisting, the stock has not traded under 2c (excluding day-1) which is a signal of extreme strength & stickiness of the investors who bought in the relisting due to the potential of the story.

There are 2 projects now on the go for CLA
- Abednegno Hill gold project
- Opuwo Cobalt project

Both projects offer near term exploration / survey success as interpretation of data is underway.

The management team - but specifically Brendan Borg - is high calibre. Borg was brought in to the company (& holds 10m shares) to focus on Cobalt assets and advise on their Cobalt exploration program. He is well known in the industry as being a "battery minerals" specialist (Lithium, Graphite & Cobalt). His track record for working for / creating multibaggers has ensured that a lot of high profile / high net worth resource industry investors follow him to company after company. I have a feeling that this is behind the significant & constant off-screen demand for the stock.

It is also worth noting that Borg gave the newly acquired Cobalt project his personal tick of approval given he visited the site as part of the due diligence process. It is anticipated that the initial drill costs will be in the order of $200-$350k depending on the final allocation of drilling between RC & diamond core techniques, and further work will be dependant on the success results from the first drilling phase.

The share register is also rather tight with 73% held by the top-20 & only 273m shares on issue with 2m cash on hand.

At the current SP of 3.1c, the mkt cap is 8.5m with an EV of 6.5m.

The above metrics are a screaming buy in itself - but when you add the expertise Borg brings to the table, along with 2 active gold & cobalt exploration sites, then well ... I'm calling a multi-bagger real soon.

IMO this stock should get to a mkt cap of c.50m pre-drill results from the Cobalt project (18c) given that Cobalt is at the beginning of a huge year being the next battery mineral boom (given Lithium has already taken off). For comparisons on grades etc - AML also has a Cobalt deposit with a mkt cap of well over 100m, and AML's grades are far less than those initial grades from CLA's project...