I with you on your analysis of the various steps that CLA has...

First 816 Last

Share
Profile

Follow
coffeepicker

177 Posts.

82

17/04/18

15:24

Post #: 32505795
Share

Originally posted by phuket guy ↑

given that this thing should be valued already at a higher level based on JORC ann and instos want blocks of good Co stocks IMO not so hard for BB and the team team to go raise enough now to get us all the way through to bankable feasibility. maybe 15-20 mill AUD? A CR around these levels or hopefully slightly higher? or at worst maybe after SS.

So although we may have another 60-100 mill shares on the register (boo hiss!) but well be self contained and bullet proof against any potential bad market conditions till the BFS. So Bb and his expert team can just keep progressing the project step by step. That is:
- SS (first estimate at real extraction costs and capex opex and prelim mine modelling)
- Also all the time more drilling to
- find out whats really in the northern and outlying DOF areas
- EM study (if not done already) to try to locate feeder zone.
-to infill drill in first identified JORCed work area of mine and for better SS and PFS info - and then to increase the JORC again....and maybe again....!!
-check the viable depth DOF goes to in a viable orebody
-shore up the info on hand for mine modelling
-Then the PFS
-Then the BFS
-Plus do all the environmental stuff and other govt hoops to jump through.

By BFS time (if this is all viable as we hope and expect- and no big bad thngs from left field bite us) - That should be when the cobalt cliff is really upon the world - then IMO rest assured that share porice will be around 1$ and there will be big boys climbing over each other - stamping on faces and outstretched hands (like the Springbok forwards in a rugby maul) to JV/ or do streaming deal with CLA. ...of course there will. Just as sure as day folows night.

Then the deal I imagine will then be a bit like "Yes BB sir, of course we'll fund (or at least back stop the bank financing of) your new plant and sulphide processing labs sir -Please pick us sir -and please make the plant a very big, big one too sir cos we do need lots and lots of your cobalt sir, infact sir as much as you can possibly pull out the f'ing ground- please dont let those other big Int'l companies have any please sir, cos we need all of yours ourselves otherwise we cant make any more nice new electric cars sir -and lots of people want to buy our electric cars now sir...infact the government has said we cant build any more of those old expensive stinky gasoline and diesel ones anymore in 3 years sir- so please sir please pick us not them to fund your plant...please Sir"

"oh alright then" says BB...and the stock goes to 5$ and the CLA shareholders lived happily ever after.

Expand

I with you on your analysis of the various steps that CLA has yet to take- all of them being significant milestones that should cause the CLA share price to have further upward spikes.

I reckon it'll be after the Scoping Study is released that CLA will start to attract the heavy hitters, even before the Preliminary Feasibility Study (PFS).

CLA Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 3,271 more messages in this thread...

First 816 Last

Add CLA (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $24.27M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$312	29.07K

Buyers (Bids)

No.	Vol.	Price($)
22	17959465	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	519185	2

View Market Depth

No.	Vol.	Price($)
22	17959465	0.010
16	5817622	0.009
4	870074	0.008
2	195000	0.007
2	366831	0.006

Price($)	Vol.	No.
0.011	519185	2
0.012	5539602	9
0.013	5420000	6
0.014	3930775	6
0.015	2255097	6

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 1.1¢		Change 0.000 ( 5.00 %)
Open	High	Low	Volume
1.1¢	1.1¢	1.1¢	164500
Last updated 15.59pm 07/05/2024 ?

CLA (ASX) Chart

I with you on your analysis of the various steps that CLA has...

Featured News

Mantle Minerals to kick off drilling at Mt Berghaus in WA

Sold out signs go up for RIU Resources Roundup in Sydney

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Tamboran is listing on the NYSE, and Wall Street is paying attention

Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Buyers (Bids)

Sellers (Offers)

Featured News

I with you on your analysis of the various steps that CLA has...

Featured News

Top Stories

Mantle Minerals to kick off drilling at Mt Berghaus in WA

Sold out signs go up for RIU Resources Roundup in Sydney

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Tamboran is listing on the NYSE, and Wall Street is paying attention

Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Buyers (Bids)

Sellers (Offers)

Featured News