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...
CLA Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
(20min delay)