Hartley seems make very unfair target price for CLA,
CLA's JORC mineral resource is 112.4Mt @0.11%Co, 0.41%Cu, 0.43%Zn, with 126.1Kt cobalt metal, refer to below comparison table, you can easily see:
1) CLQ owns 132kt cobalt metal with 614mil market cap; ( per Kt cobalt metal with 4.65 mil market cap);
2) COB owns 61.5kt cobalt metal with 108mil market cap;( per Kt cobalt metal with 1.75 mil market cap);
We can use COB and CLQ's updated data to provide reference for CLA's reasonal market cap; Likewise, CLA owns 126kt cobalt metal, if per Kt cobalt metal's market cap to follow average of COB&CLQ's data, means CLA's market cap shall be (1.75 + 4.65)x 126 / 2 = 403 million, and its correspondent share price shall be 403 / 588 = 0.685 AUD$ per share;
Below comparison table is easy for you to compare ASX cobalt players, it is not difficult to find out that CLA is most most undervalued after JORC mineral resource released, I can forecast that in the following months, CLA will become shining black horse. DYOR.
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $36.41M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $35.01K | 2.338M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2844866 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1551267 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2844866 | 0.014 |
5 | 1996152 | 0.013 |
5 | 3525835 | 0.012 |
8 | 3231211 | 0.011 |
11 | 3185803 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1551267 | 3 |
0.016 | 8002276 | 11 |
0.017 | 2134858 | 5 |
0.018 | 2550349 | 6 |
0.019 | 948258 | 3 |
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