CLA

8.33%

1.1¢ celsius resources limited.

CLA total In-Ground Value (IGV) discussion, page-3

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Jskl76

998 Posts.

563

21/02/21

18:42

Post #: 51195380

Originally posted by JabbaDaHutt: ↑
Very nice. But weird. I was actually doing the same thing this morning.
Looks good to me I just used a slightly higher Cu price based on Fridays night close of 4.06/lb *2205 ~ 8950/tonne

I also did sensitivity of just MCB HG section and Opuwo at a higher cut off 0.1% to see.
And looked at commodities at time of each JORC, more relatvent for Opuwo.

How do you feel about the 5% of IGV rule of thumb, as a very rough valuation?

5% IGV In ground value

Philippines Total mt Cu Grade % Au Grade g/t Cu Metal mt Au Metal moz

MCB 0.2% cut off 313.8 0.48% 0.15 1.51 1.51

MCB 0.5% cut off 93.7 0.80% 0.28 0.75 0.84

Saygay

Maiden JORC 12 Jan 2021, Prices used as per Jorc date and current At time of JORC prices At curent prices At time of JORC prices At curent prices

Philippines Cu
USD/t Au
USD/oz AUD jorc Cu Price
USD/t Au Price
USD/oz AUD jorc IGV
USD 5% of IGV Rule
USD 5% IGV Rule
AUD IGV
USD 5% of IGV Rule
USD 5% IGV
AUD

MCB 0.2% cut off 7938 1850 0.76 8952.3 1784 0.79 $14,756,246,974 $737,812,349 $970,805,722 $16,184,144,523 $809,207,226 $1,024,312,944.46

MCB 0.5% cut off (HG section 27yr LOM) 7938 1850 0.76 8952.3 1784 0.79 $7,510,836,648 $375,541,832 $494,133,990 $8,215,483,613 $410,774,181 $519,967,317.29

Saygay $- $- $-

Link to JORC ann

https://clients3.weblink.com.au/pdf/CLA/02329948.pdf

Namibia Total mt Co Grade % Cu Grade % Zn Grade % Co Metal mt Cu Metal mt Zn Metal mt

Opuwo 0.06% cut off 112.4 0.11% 0.41% 0.43% 0.12364 0.46084 0.48332

Opuwo 0.1% cut off 66.4 0.14% 0.46% 0.45% 0.09296 0.30544 0.2988

Opuwo JORC upgrade

Maiden JORC 16 April 2018, Prices used as per Jorc date and current At time of JORC prices At curent prices At time of JORC prices At curent prices
Namibia Co
USD/t Cu
USD/t Zn
USD/t AUD jorc Co
USD/t Cu
USD/t Zn
USD/t AUD jorc IGV
USD 5% of IGV Rule
USD 5% IGV Rule
AUD IGV
USD 5% of IGV RuleUSD 5% IGV
AUD
Opuwo 0.06% cut off 90000 6835.5 3400 0.78 50000 8952.3 2866 0.79 $15,920,959,820 $796,047,991 $1,020,574,347 $11,692,773,052 $584,638,653 $740,048,927.34
Opuwo 0.1% cut off 90000 6835.5 3400 0.78 50000 8952.3 2866 0.79 $11,470,155,120 $573,507,756 $735,266,354 $8,238,751,312 $411,937,566 $521,439,956.46
Link to JORC ann

https://clients3.weblink.com.au/pdf/CLA/01971421.pdf

Totals IGV 100% of metal @ JORC prices
USD 5% of IGV @ JORC prices
USD 5% of IGV @ JORC prices
AUD IGV 100% of metal @ Curent prices
USD 5% of IGV @ Current prices
USD 5% of IGV @ Current prices
AUD

MCB 0.2% + Opuwo 0.06% $30,677,206,794 $1,533,860,339.70 $1,991,380,069.41 $27,876,917,575 $1,393,845,878.73 $1,764,361,871.81

MCB 0.5% + Opuwo 0.1% $18,980,991,768 $949,049,588.39 $1,229,400,343.83 $16,454,234,925 $822,711,746.26 $1,041,407,273.74 Sensitivity for higher grade mining options, possibly still economical at lower commodity prices, early mining option.

Expand
Lol, that's a far better effort than mine, Jabba. You've got my GA, you deserve it mate!

I was tempted to use the 5% rule but didn't because I didn't want to give any ammo to the trolls. Wanted to let them try to come up with some silly reason to justify why the company should be worth less than 0.1% of the IGV.
Look at our board. We've got people there who have genuine experience in bringing projects to production. Well, some may have a tarnished record, but he still managed to pull it off. I put that down to bad luck and bad macros (DYOR on that one). Even the hangers on have left (goodbye Mr Hood).

CLA Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held

10 Upvote

3 Great analysis

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CLA total In-Ground Value (IGV) discussion, page-3

Tonight's US CPI data could set the tone for November. What are markets expecting?

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5% IGV In ground value

Philippines	Total mt	Cu Grade %	Au Grade g/t	Cu Metal mt	Au Metal moz
MCB 0.2% cut off	313.8	0.48%	0.15	1.51	1.51
MCB 0.5% cut off	93.7	0.80%	0.28	0.75	0.84
Saygay

Maiden JORC 12 Jan 2021, Prices used as per Jorc date and current	At time of JORC prices			At curent prices			At time of JORC prices			At curent prices
Philippines	Cu USD/t	Au USD/oz	AUD jorc	Cu Price USD/t	Au Price USD/oz	AUD jorc	IGV USD	5% of IGV Rule USD	5% IGV Rule AUD	IGV USD	5% of IGV Rule USD	5% IGV AUD
MCB 0.2% cut off	7938	1850	0.76	8952.3	1784	0.79	$14,756,246,974	$737,812,349	$970,805,722	$16,184,144,523	$809,207,226	$1,024,312,944.46
MCB 0.5% cut off (HG section 27yr LOM)	7938	1850	0.76	8952.3	1784	0.79	$7,510,836,648	$375,541,832	$494,133,990	$8,215,483,613	$410,774,181	$519,967,317.29
Saygay							$-	$-	$-
Link to JORC ann
https://clients3.weblink.com.au/pdf/CLA/02329948.pdf


Namibia	Total mt	Co Grade %	Cu Grade %	Zn Grade %	Co Metal mt	Cu Metal mt	Zn Metal mt
Opuwo 0.06% cut off	112.4	0.11%	0.41%	0.43%	0.12364	0.46084	0.48332
Opuwo 0.1% cut off	66.4	0.14%	0.46%	0.45%	0.09296	0.30544	0.2988
Opuwo JORC upgrade

Maiden JORC 16 April 2018, Prices used as per Jorc date and current	At time of JORC prices				At curent prices				At time of JORC prices			At curent prices
Namibia	Co USD/t	Cu USD/t	Zn USD/t	AUD jorc	Co USD/t	Cu USD/t	Zn USD/t	AUD jorc	IGV USD	5% of IGV Rule USD	5% IGV Rule AUD	IGV USD	5% of IGV RuleUSD	5% IGV AUD
Opuwo 0.06% cut off	90000	6835.5	3400	0.78	50000	8952.3	2866	0.79	$15,920,959,820	$796,047,991	$1,020,574,347	$11,692,773,052	$584,638,653	$740,048,927.34
Opuwo 0.1% cut off	90000	6835.5	3400	0.78	50000	8952.3	2866	0.79	$11,470,155,120	$573,507,756	$735,266,354	$8,238,751,312	$411,937,566	$521,439,956.46
Link to JORC ann
https://clients3.weblink.com.au/pdf/CLA/01971421.pdf

Totals	IGV 100% of metal @ JORC prices USD	5% of IGV @ JORC prices USD	5% of IGV @ JORC prices AUD	IGV 100% of metal @ Curent prices USD	5% of IGV @ Current prices USD	5% of IGV @ Current prices AUD
MCB 0.2% + Opuwo 0.06%	$30,677,206,794	$1,533,860,339.70	$1,991,380,069.41	$27,876,917,575	$1,393,845,878.73	$1,764,361,871.81
MCB 0.5% + Opuwo 0.1%	$18,980,991,768	$949,049,588.39	$1,229,400,343.83	$16,454,234,925	$822,711,746.26	$1,041,407,273.74	Sensitivity for higher grade mining options, possibly still economical at lower commodity prices, early mining option.

CLA total In-Ground Value (IGV) discussion, page-3

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Tonight's US CPI data could set the tone for November. What are markets expecting?

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

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Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Issues emerging as Australian companies tackle critical minerals challenge

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

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