With the Scoping Study due out late in the June Quarter...

With the Scoping Study due out late in the June Quarter according to CLA in Quarterly Activities Report issued on 30 April 2018, we certainly don't have long to wait until we see the next taking off of the share price.

I wouldn't be at all surprised if someone offers to take over the project once we hit just over 40c, however. Just a feeling that I have.

[Just a refresher to those who may not be aware, but a Scoping Study provides the first economic evaluation of the project as per ASX and Clause 38 of the JORC code.

Scoping Studies typically include estimated production targets, as well as forecast financial information (such as an NPV, IRR or payback period) that is based on those production targets, including a statement of the estimated ore reserves and/or mineral resources underpinning the production targets.

This will be when investors can get a real sense of the economic potential of the deposit to generate revenue- and a higher resultant share price should then follow, IMO]