Another great announcement. Perhaps not the massive blockbuster...

Another great announcement. Perhaps not the massive blockbuster new tenement ann that we would have liked to see, but I think Mr Borg may be saving that for the right time.

The most exciting part of this ann for me is the fact that we now know the strike continues to real depth and it looks like the mineralisation gets stronger as we go deeper. The really exciting thing is the comment about this supporting the theory of a feeder system somewhere (potentially feeder system = mother lode!).

We're talking deep here, possibly too deep for open cut unless they find a lot of extra mineralised zones to reduce the strip ratio. But a lot of the cobalt competition who have seen sp runs recently are fully underground. If we're nearly doubling the depth it extends to with potentially higher grades deeper then we can potentially double that initial exploration target without even looking at the other 90km or so of potential strike.

CLA continuing to shape up as a real monster! Would be nice to see it run up above 10 today but I'm more interested in the long term implications of the ann than the short term SP.