Compare CLA between ASX Cobalt Peers

1.  We are still in the midest of waiting for initial JORC mineral resources from CLA, but we know the JORC is based on 6.5km length of DOF, according to presentation slides, I put on assumption of mineral resource as [email protected] Cobalt, 0.55 Cu; So there are total estimated 100Km lengh of DOF, total estimated mineral reserve should be (100/6.5) x 20 Mt = 307 Mt, just be conservative, we assume total mineral resource is 150Mt,

2.  From above comparison table, we find that average MC/Mineral Resource is 4.49, MC / Co Eq is 1.78;

3.  MC / Mineral Resource is 4.49, so CLA MC should be 4.49 x 150 = 673.5 million

4.  MC / Co Eq is 1.78, So CLA MC should be 1.78 x 281 = 500 million,

5.  We take average, CLA MC should be (500 + 673 ) / 2 =586 million,

6.  CLA total 588.33 million shares, so share price should be 586 / 588.33 = AUD$1

The above are just based on all the CLA annoucement and my personal estimate, but we need further ann to confirm and de-risk, dont use as investment decision, all IMO, need you to DYOR. But from step to step and compare with ASX listed cobalt peer company, obviously CLA has very promising future. I am strongly long it.

Welcome positive and valueable discusstion and comments.

GLTAH!!!