Has been interesting following CLA since about April. Everything seems to have tracked pretty well smack on to schedule. I think the JORC might have slipped a month because of results seemingly taking a little longer, but that aside the momentum looks really positive. The 17m find is interesting and puts particular focus on the remaining results in that western side as some of the nearby holes seemingly had no significant intercepts.
Getting the initial resource defined makes sense but what really interests me in this is the potential for a broader drill program to show the full potential, but that is probably getting a bit excited (not as excited as PG is getting though)(probably a bit too excited sometimes).
From here we look like we have something. It’s just whether this initial resource can be extracted without too much dilution and CLA goes the full journey. Or whether someone snaps us up early piece with the current downward pressure that offloading the last CR shares and 1c shares is causing.
All good problems. It just seems a matter of how big from everything I’ve taken from this story so far.
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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