CLA

9.09%

1.2¢ celsius resources limited.

Ann: Response to ASX Query, page-30

First 30 Last

Share
Profile

Follow
bratty

1,762 Posts.

501

13/06/18

12:55

Post #: 33679273
Share

Originally posted by ohmygod ↑

I am now not so sure about the resource estimate. In answer to Q4 the company states.
"The cutoff grade of 600 ppm produces a grade of resource that is expected to represent an economically mineable Indicated and Inferred Mineral Resource based on current prices for the metals of interest in the mineralisation." The resource estimate came out 12th April. What was the price they used for Cobalt?They just say "current price". Back in April that price was about $92k per tonne. Now it is $$82k per tonne. Did Celsius base their estimate and assumptions on a record high cobalt price? So if it drops 50% ( thinking Bitcoin here) what happens to the resource.
So the argument is possibly that he 600ppm cut-off is based on record high cobalt prices then the cut-off will increase as cobalt prices goes down. Either that or the tonnes drop dramatically and what was Indicated drops out to Inferred.
My other issue is that there is no technology anywhere in the world which treats these deposits. This company has found a new deposit and has deed a hypothetical metallurgical process to treat the ores. They have no idea of the economics of processing these deposits because it is novel technology. My understanding is that the company has not yet produced any product from these deposits. There is no pilot plant, and this will be something that a feasibility will verify. I think it is just way too early to say anything about the economics of the mining and processing.
Ask yourself this question: Is there a Patent on the process route for these deposits? If yes, who has it and where has it been used before? I think you will find that there is no Patent because there is nothing to apply for yet. The Scoping Study will answer some of these questions. Until then I will wait before I buy some stock.

Expand

What are you talking about when you say "what was Indicated drops out to Inferred" based on the cobalt price of the day? not related.
I think you have no idea or you are here to make trouble.

CLA Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

First 30 Last

Add CLA (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $30.85M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$32.65K	2.845M

Buyers (Bids)

No.	Vol.	Price($)
15	5259000	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	3032467	7

View Market Depth

No.	Vol.	Price($)
15	5259000	0.010
13	3232930	0.009
6	1556074	0.008
3	1088560	0.007
3	1240000	0.006

Price($)	Vol.	No.
0.012	3032467	7
0.013	6042853	11
0.014	1626600	5
0.015	9200000	6
0.016	1582994	4

Last trade - 16.10pm 15/11/2024 (20 minute delay)

CLA (ASX) Chart

Ann: Response to ASX Query, page-30

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Banshee's historic trenches prove rich in antimony and gold for GDM

Cyclone signs MOU with Vale for development of Iron Bear play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Response to ASX Query, page-30

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Banshee's historic trenches prove rich in antimony and gold for GDM

Cyclone signs MOU with Vale for development of Iron Bear play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News