my ammended CLA valuation, page-75

Thanks for clarifying that Quanta - sorry I mixed my Lbs and metric tons up...and CAD I thought it was nasdaq listed too in USD?


Anyway bottom line is ECS and NZC are both great opportunities (as is COB) and both more advanced.

But both are a bit small for the big boys to get very excited over.

but still look at their MC's ... 231 mill CAD for ECS and 95 millAUD for NZC -together they have about 10 mill tons of good grade Co. and together they have a cap of AUD 326 million!!.

If CLA comes out with a JOC of 10-20 mill next week as we hope -well have more (most probably) very viable cobalt in possibly just 2-5% of our large continuous resource than both of them put together - but CLA is only capped at 85 mill AUD.-a quarter of them!!

To me that wont stand for long - sure US is better jurisdiction but DRC is worse so even it out = Nambia. So either they gonna fall or we gonna rise - I know where im happy which counter my money is on.

Plus IF CLA can progress through the ss/ jorc enlargement hoops to get to their level of advancement with like 80 mill tons - and we get capped at their same ratio of Co tons in the ground to MC - as I said we should by rights be at 2 billion cap or $2.50 a share on that basis a year or so out.

So Unless we get hit from leftfield by some bad stuff - which is not a huge likely hood - I dont think my new call of 1$ a share in a year or so is so far off the mark.