CLA 0.00% 1.4¢ celsius resources limited.

CLA total In-Ground Value (IGV) discussion

  1. 998 Posts.
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    This thread is to keep track of the total IGV of the various projects that are now held under CLA. I think this thread is needed because the recent acquisition of new projects by the company and the subsequent news flows for them may cause the casual observer to value CLA solely based on those new projects, when in fact there is a whole lot more to the CLA story.
    A few notes on this thread:
    • This is a purely IGV discussion. I personally do not have the expertise to comment on other important aspects such as feasibility, mining methods, etc., so I will not even attempt to discuss that here.
    • Only the JORC-compliant mineral resource estimates will be used. Please consider new exploration activity separately. If the JORC-compliant estimate is officially expanded by the company, we can then revisit this thread to update the IGV accordingly.
    • Additionally, this thread may be updated if the commodity prices change significantly, to better reflect the current total IGV.
    • All $ amounts are in USD for simplicity.
    I will start with the 2 main projects in CLA:

    Opuwo Copper-Cobalt Project, Namibia
    JORC-compliant mineral resource estimate = 112.4 million tonnes

    Average Copper grade = 0.41%
    Total contained Copper = 460,840 tonnes
    Current Copper price = $8,806.50 per tonne
    IGV from contained Copper = $4,058,387,460 = $4 billion

    Average Cobalt grade = 0.11%
    Total contained Cobalt = 123,640 tonnes
    Current Cobalt price = $50,000.00 per tonne
    IGV from contained Cobalt = $6,182,000,000 = $6 billion

    Average Zinc grade = 0.43%
    Total contained Zinc = 483,320 tonnes
    Current Zinc price = $2,866.00 per tonne
    IGV from contained Zinc = $1,385,195,120 = $1.4 billion

    Total IGV based on JORC-compliant mineral resource estimate = $11.4 billion

    Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project, Philippines
    JORC-compliant mineral resource estimate = 313.8 million tonnes

    Average Copper grade = 0.48%
    Total contained Copper = 1,506,240 tonnes
    Current Copper price = $8,806.50 per tonne
    IGV from contained Copper = $13,264,702,560 = $13.2 billion

    Average Gold grade = 0.15 g/t
    Total contained Gold = 1.47 million ounces
    Current Gold price = $1,784.39 per ounce
    IGV from contained Gold = $2,623,053,300 = $2.6 billion

    Total IGV based on JORC-compliant mineral resource estimate = $15.8 billion

    Total IGV held by CLA = $27.2 billion
 
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