CLA - FA Bagger Aspiring Cobalt developer. Huge landholding, B Borg, page-1242

Good questions
I reckon if CLA is at same speed they have been going (which is excellent IMO), by Q2/Q3 it won't have an issue getting money. Another cobalt player I own on ASX got 20 million up front and they've drilled very little.

I notice that most production facilities they have built in Namibia etc have been around 1mtpa, so depends on what you want LOM to be.

PLS built a 2mtpa plant cost about 200 million (for Lithium), I have no idea what the equivalent would be in Namibia for Cobalt/Copper.

I guess it depends do we want to try go all the way or get it to say PFS and then get bought out. AUZ got a load of cash for some shares in their company which means they'll be good for a while, which could be 50/50 solution.
If their SP rockets you know what could be in store for CLA I guess.



As an aside I notice Hartleys have coverage of CLA now:

https://www.hartleys.com.au/files/research/Coverage Rating Distributions.pdf

Name Ticker Last M. CAP Status Analyst Research Price* (A$m) Ph" +618 9268 ext Recommendation

30. Celsius Resources Ltd (CLA) CLA 0.11 74 Explorer Mike Millikan (ext 2805) Speculative Buy

Exciting few weeks for CLA coming up IMO.