The market is a funny old beast isn't it??
Just looked at the announcement by CLA yesterday (https://hotcopper.com.au/threads/an...-opuwo.4074802/?post_id=31704775#.WqiNB-huaUk) and whilst they've done more drilling that FEL so far, their cobalt grades are lower than FEL, their copper grades are lower than FEL and their resource is significantly further from the surface!
Yet they're trading @9.9c with a MC of $58m and FEL tanked today to 4.1c with a MC of 23.9m...
I guess the expectations were too high from the punters coming in for a quick buck!
Ann: Drilling Results Received from Kasombo Copper-Cobalt Project, page-19
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