Great easy summary of the numbers Binwood - I knew you'd do something simple and great like that.
I'd like to point out the following.
1. On The 50% payability number - I believe BB is looking for 70%ish?? (thats just my view-remeber Im not his agent !!) so that massively increases the figure. But lets stay with 50% to be conservative.
2. I I believe the Co will be significatly higher for at least 3-4 years. But lets stay with 75,000 USD to be conservative..
3. Main point is - Those are figures just the first JORC in less than 10% of CLA's potential resource.!!!
The First two points can alsmost double your numbers. But the 3rd point could takes them off the top of the charts.- as in not enough zeros on our calculators!!.
But even so lets stay with just 10% of the resource to be conservative (as in jorc is no deeper and no Co Cu in the other 100kms at all) -just using these figures $ 1.3 billion cap is still around $1.86 a share!!-
and were still at 12cents......hello? and by that I mean ...HELLO? wakey wakey Mrs market!!.
So Lets get all conservative and serious yet again and discount that figure by 70% - which is reasonable isnt it? and yet again you get to my previous year end 2018 valuations of $350 mill MC - or 40 -70 cents = 500%ish rally to come this year - then more next. As im telling all my people.
Thats 4 ways weve fairly realistically and fairly logically valued it as best we can (or at least 10% of it!!) and all roads seem to lead to 350 mill cap by year end.= 40-70 cents.
Anyone wanna try another way to value it?? I mean it? the more ways we look ahead intelligently the more info over the rest of the market we have.
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