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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Hartley seems make very unfair target price for CLA, CLA's JORC...
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Open | High | Low | Value | Volume |
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6 | 1908075 | 0.013 |
9 | 3572440 | 0.012 |
14 | 5080181 | 0.011 |
19 | 9927344 | 0.010 |
Price($) | Vol. | No. |
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0.016 | 3573754 | 6 |
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