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.
CLA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)