CLA

0.00%

1.2¢ celsius resources limited.

Ann: Opuwo Cobalt Resource Drilling Assays, page-54

First 54 Last

Share
Profile

Follow
DownDip

257 Posts.

23

17/01/18

18:23

Post #: 30382700
Share

Originally posted by Spec2Acc ↑

If you have a look at the table at the bottom of the ann that nobody ever reads, under the section "Relationship between mineralisation widths and intercept lengths" it says "• Orientation of drilling vs dip of DOF horizon likely means that the downhole length reported for angled holes (-55 degrees) approximates true width. Holes drilled straight (-90 degrees) would overestimate true thickness. All holes in this resource definition phase of drilling are angled at -55 degrees. • More accurate determination of the orientations and thickness of mineralisation will be possible with further drilling and geological modelling."

So hopefully that clears that one up.

For me this is ann doesn't have much unexpected but it does tick more boxes: Consistent grades, consistent widths and extensions to serious depth all confirmed so far.

The other metals coming up are a nice little addition, nothing too important in isolation but if they were just going to be overburden and there are more of the same elsewhere on the tenements it could prove relevant in the long run.

Assuming the second batch of assays come back as expected it looks like this time next month we should have a JORC for enough metal to theoretically open a mine. The really big question for me is the further exploration potential, the EM surveys, the rest of this DOF, the northern DOF which is basically untouched, even potentially in the longer term the fact that the tenements are pretty prospective for other minerals.

It's dangerous to fall in love with any stock but I really struggle to pick a better exploration play on the ASX, great management, fantastic progress in the 10 months since the first drill broke ground and the potential for a true monster resource.

The sellers will sell, the buyers will buy and the holders will hold, if CLA keep coming up with the goods the market will correct itself eventually, it always does, eventually.

Expand

No, it doesn't. I've been working in UG mines as a geo for a long time so i know how to read a report thx.

CLA Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

There are more pages in this discussion • 4 more messages in this thread...

First 54 Last

Add CLA (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $29.13M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$5.582K	456.8K

Buyers (Bids)

No.	Vol.	Price($)
8	3116362	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	1596602	1

View Market Depth

No.	Vol.	Price($)
7	2061932	0.012
35	14861401	0.011
24	18802995	0.010
10	3076330	0.009
4	820074	0.008

Price($)	Vol.	No.
0.013	1596602	1
0.014	1480000	4
0.015	3274349	4
0.016	2082633	5
0.018	480000	4

Last trade - 16.10pm 27/09/2024 (20 minute delay)

CLA (ASX) Chart

Ann: Opuwo Cobalt Resource Drilling Assays, page-54

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Zeta Resources seeks to resolve the Panoramic takeover story

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Opuwo Cobalt Resource Drilling Assays, page-54

Top Stories

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Zeta Resources seeks to resolve the Panoramic takeover story

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News