Flash Research Note from Aesir, page-5

What could „exploration target should be easily double“ and “should be higher grades based on visuals” mean in figures ?

Original exploration target was 33-41 mt with 0,13%-0,17% Co.

80 mt and a grade on the upper end of original target = 0,17% seems imo conservative based on this bullish outlook from Brendan.

CLA 80 mt * 0,17% Co = 136k Co

In comparison AUZ and CLQ figures for their flagship projects Sconi and Sunrise:
AUZ 89 mt *0,11% Co = 98k Co
CLQ 109 mt * 0,14% = 153k Co

With this estimation CLA would have at least for the time being more Cobalt than AUZ and would be not very far away from CLQ’s magnitude.

I won’t make any marketcap comparisons.
AUZ and CLQ are some development steps ahead and to be fair their scandium/nickel is some $ more worth than our copper. On the other side Sconi and Sunrise are laterite projects and CLA should have capex & opex advantages due to simple sulphide ore.

Well, all in all CLA is looking damn good compared to these two significantly higher valued and nevertheless extremly promising Peers...