Any way you see it , CLA imo is heading to 2.5 cents in the very near term .
$6m cash at bank, nil debt, and a MC of $8M.
They have just picked up arguably the most oprospective leases in the Lachlan Fold Belt, with SKY 93metres @4.94g/tau immediately at the border and ALK big discovery adjacent as well.
NEWCREST's giant Cadia Hill mine forms part of the Lachlan Fold Belt Gold district as well, and is nearby.
It does not get any better imo.
Well done management for picking up these prospective leases in this gold environment for a minimal 23m shares.
drifta
Best Lachlan Fold Belt GOLD explorer on the ASX, page-3
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $28.28M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $52.97K | 4.815M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 761818 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3209134 | 7 |
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| CLA (ASX) Chart |