Ann: Celsius Begins Drilling at Opuwo Cobalt Project, page-46

This company for sure knows how to kill the share price only one day of a rally then they drop an announcement of more shares coming onto the market. The brokers just cant wait to get a profit and cash in on the price rise.
The rise was all about cobalt and as yet we are still waiting to see some some share price rise from the so far expensive addition of the Anleck deal.
That deal was examined by RSM and GCS for the justification of the purchase by CLA and they only put values on MCB project as it was the only valid mining tenement in the package at the time. Based on the high grade mining proposition of MCB a NPV of USD 323 million was a preferred value once a MPSA was granted. Thats about AUD 437 m and the copper price used then was USD 6000 a tonne its now USD 10200 and the gold price used was USD 1600 now USD 1900 all the other parameters were pretty much the same as the CLA S/S. So apart from Opuwo which has doubled in size since it sent the MC to $150 m before the cobalt price crashed but the price is now back up in the same ball park. Then where is our MCB project value?