Australia's largest stock trading and investment forum Australia's #1 stock forum

CLA

Click for more information

0.00%

1.0¢ celsius resources limited.

Brendan has given us monthly drilling updates so far. The latest...

First 14 Last

Share
Profile

Follow
Hunts25

282 Posts.

46

09/09/17

14:12

Post #: 27106437
Share

Originally posted by Spec2Acc ↑

The area does seem to be very copper rich but I believe it's still mostly about the cobalt for CLA.

Pretty much all the copper CLA have found so far has had cobalt with it. I'm no geo but it looks to me like some of the copper mineralisation in the area probably won't have associated cobalt and that's fine, if you have a processing plant recovering copper then the more the better.

But looking at previous exploration it looks like cobalt assaying has been patchy at best and it also looks to me like CLA may have a different exploration strategy, focusing on the long thin DOFs that seem to be most prospective for cobalt rather than looking for bigger localised concentrations of copper. I'm eagerly awaiting drills from those new DOFs.

Again I'm no geo so all of that is just the musings and interpretations of another punter.

As cliched as it may be it's also hard to put up much of an argument against your last statement when you look at the market cap as a percentage of even the lowest projections of in ground value.

Expand

Brendan has given us monthly drilling updates so far. The latest one is a little late, wondering if he is waiting for results of the four new holes to come in before releasing them to market.

CLA Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 14 Last

Add CLA (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $24.27M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$7.904K	789.1K

Buyers (Bids)

No.	Vol.	Price($)
32	21131979	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	6488383	7

View Market Depth

No.	Vol.	Price($)
32	21131979	0.010
14	4762067	0.009
6	1320074	0.008
2	195000	0.007
3	366832	0.006

Price($)	Vol.	No.
0.011	6488383	7
0.012	4611267	9
0.013	5180000	6
0.014	3900000	5
0.015	2210658	5

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 1.0¢			Change 0.000 ( 4.76 %)
Open	High		Low	Volume
1.0¢	1.0¢		1.0¢	340000
Last updated 13.54pm 17/05/2024 ?

CLA (ASX) Chart