CLA - FA Bagger Aspiring Cobalt developer. Huge landholding, B Borg, page-678

Woops missed a few zeroes there. Obviously was meant to say A$360m (converted from USD$270m at 75c fx). Fair call on picking me up on that one - we are all fallible! And yes that was in-situ value. As you say it's obviously going to be dependent on Co prices. But given that is less than 10% of current prices I think it's probably a fair estimate of discounted cashflows. I think NPV for CLA project based on just the intial JORC will be higher than $360m.

I didn't really mean to offend you. I don't have any problem with enthusiasm, I just like to try and keep conversations somewhat rooted in facts and figures that are mostly justifiable. I find pure blue sky talk actually does more harm than good, particularly with the share price consolidating. People start getting rockets into their heads and then get disappointed when they don't get rich in a week. This story will keep developing through 2018 and I think has plenty of value left in it yet, but it's a journey not a case of going to 50c overnight.