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Ann: Celsius Begins Drilling at Opuwo Cobalt Project, page-10

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mudguts

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18/03/22

12:46

Post #: 60274844
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Originally posted by cordingup ↑

Well off to a good start at Opuwo Project : Drilling at the Opuwo Cobalt Project. The first of eight PQ .diamond drill holes has been completed The ore was intercepted at the exact location modelledreinforcing the consistent nature of the Dolomite Ore Formation (“DOF”.
I guess the one we can compare this to that is ASX listed is COB their share price peaked at AUD $1.21 back in march 2018 when cobalt hit USD 95,823 /t then dropped off to USD 29880 /t in march 2019 with COB share price down to 15 cents. COB is now up at 70 cents march 2022 MC $190 m .
COB has a resource of 118 mt at 687 ppm cobalt the ore value per tonne is approx AUD $75 CLA Opuwo ore value with 1200 ppm cobalt plus copper and zinc is approx AUD $224 per tonne.
Back in march 2018 CLA reached 20 cents MC $150 million based on 50% of the current resources.at Opuwo. CLA is now 2 cents march 2022 MC $23 m.
However to note is that CLA Opuwo has more than just cobalt (unlike COB who only have cobalt ) Opuwo has just under 1 million tonnes of contained copper and 1.2 million tonnes of contained zinc at commercial grades copper grade 0.43% zinc grade 0.54%.
Then also CLA has another JORC resource of copper +gold at MCB Philippines and a very promising copper gold project at Sagay Philippines.
So there is a massive discrepiancy in the value of these 2 companies CLA should be 12 x its current MC.

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Eloquently put sir.

CLA Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Celsius Begins Drilling at Opuwo Cobalt Project, page-10

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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Ann: Celsius Begins Drilling at Opuwo Cobalt Project, page-10

Top Stories

Is oil undervalued?

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Westgold sets its sights on top five producer status through merger with Karora

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News