FA wise. Copper back tested the breakout at $3.2/lb and held up nicely to continue the stellar run. Geez that front office must be chuffed with their timing?
HCH is still valued at around 120mm, drilling like mad and raising. Until we see the size of this MCB resource we can't do a direct comparison, but it does seem MCB is big and it has a better high grade sections going off the interesections than HCH. 3/4 of HCH MC would put CLA fully diluted at around 9c (90mm mc).
Can't wait to see the numbers, it's been long enough! Hope this catches the market off guard, it certainly has put most of us to sleep. If you look around the ASX there isn't a big list of copper micro cap plays to choose from with potential large assets. Look at how hot NWC is right now (65mm) with a small HG asset (4.75mt at Cu 1.95%) in the states. What MCB resource will probably dwarf that by 40x-50x based on the numbers bandied about on here....The HG section alone is probably bigger than that. We wait and will see....
CLA Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
