Dear All, According to CLA previous ann and PG post previously,...

Dear All, According to CLA previous ann and PG post previously, we can know:

1) CLA estimates 33-41Mt @ 0.13 - 0.17 Cobalt and 0.45% - 0.65% Copper based on 11Km DOF;

2) According to 6th Nov 2017 ann, we know that inital JORC limits to 6.5Km DOF, we can easily infered that the   Maiden JORC mineral resource shall be （33+41）÷ 2÷11 x 6.5 =21Mt, we can assume a conservative grade for  Cobalt at 0.13%, Cobalt at 0.40%

Refer to below comparison table for all the typical cobalt player listed under ASX, I have calcalate each company's Market Cap / Mineral Resource and Market Cap / Cobalt Equivalent, and we can easily get the industry average for this two important index, and with the help of the indusry average value, we can estimate CLA's reasonable market Cap, I have list several different senarios as below ( Cobalt grade consider as 0.13%, Copper grade as 0.4%, is it conservative?)

Senarios 1)
CLA total mineral resources are 20Mt ( 20 Mt should be Maiden Mineral resources, so do you think total resources will be less than this?) , we can see CLA reasonal MC should be 74.16mil, share price shal be $0.126;

Senarios 2)
CLA total mineral resources are 40Mt  , we can see CLA reasonal MC should be 148.31mil, share price shal be $0.252;

Senarios 3)
CLA mineral resources 60Mt, MC should be 222.47mil, SP should be $0.378;

Senarios 4)
CLA mineral resources 100Mt, MC 370.78mil, Share price should be $0.63;

CLA has over 100Km DOF, with 6.5Km DOF, JORC mineral resource  is around 20Mt, so 100Km of DOF should have 100 ÷ 6.5 x 20 = 307Mt， and current drill depth is only between 150m to 250m, the minerisation is still open. That is a lot of dream to realiase now. Refer to photo for each senarios;

Refer to TOP 20 share holders, we can see MD BB never never sell even one share, also other big holders are very stable. if you are a long term holder, do you mind the miners price fluctuation? tighten your safety belt to sail with BB soon during next JORC ann by end of March, SS by May, Capital Raising Imminent?? PFS by this year.....Thanks for HC here, lets study carefully to CLA, hope to read more good post here. Thanks PG for your knowlegable post!! GLTA and DYOR!!