Imho there are several factors at play. Capex spend, and the different options vs size of plant vs expected production, available finance optiios (down thee track), How increase from western drilling is factored in, and whether to mine jorc area first or switch to western flank which will need more drilling but may be the better option, also how fast they can get from ss to mining and if this can be shortened due to more indepth ss.
When i started watching cla it was at 20 plus cents without the ss, so expect a rebound to above 20 cents if all is good. Happy holder with ave 11 cents.
Christopher
SP Post SS Announcement, page-12
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Last
1.2¢ |
Change
-0.002(14.3%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.2¢ | $150.5K | 12.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7322090 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1357939 | 5 |
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| CLA (ASX) Chart |