CLA 5.00% 1.1¢ celsius resources limited.

CLA Important Info To Long Term Holders, page-7

  1. 6,158 Posts.
    lightbulb Created with Sketch. 764
    Agree mostly what you are saying

    The initial exploration target was calculated over ~11km of strike down to ~200m below ground surface (as per previous announcements).

    By my calculation the resource drilling ONLY covered ~6km out of the initial 11km target.

    Since the initial target was calculated, we can see from slide 10 of the recently released presentation that they have probably expanded now to ~15km since they have said they have intersected mineralisation in this zone. Also from previous announcements they seem to have also proven depth extension to ~400m or so, although with limited drilling.

    I like to be conservative because people get preconceived numbers in their heads before official announcements....

    However, join the dots up and I believe, in my opinion, there will be a significant upgrade to the target in the future.

    We will see
 
watchlist Created with Sketch. Add CLA (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.001(5.00%)
Mkt cap ! $25.49M
Open High Low Value Volume
1.1¢ 1.1¢ 1.1¢ $995 92.55K

Buyers (Bids)

No. Vol. Price($)
14 5092361 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 238559 3
View Market Depth
Last trade - 10.34am 17/06/2024 (20 minute delay) ?
Last
1.0¢
  Change
0.001 ( 0.00 %)
Open High Low Volume
1.0¢ 1.0¢ 1.0¢ 255000
Last updated 10.11am 17/06/2024 ?
CLA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.