So how much precious resources are we able to throw at the Cobalt 'prospective resource" to complete the metallurgical test work, complete scoping study. develop a better back end process as the hydromet/v roasting process never completed.
Only the can we look at various options to partner (because we don't know what we have after $15m dollars spend)
CLA does not have the wherewithal to do so. Short of capital raising & dilution (again, after a$15m spend to find out it is still highly prospective).
And at best hope to sell or JV.
Divest Opuwo is the preferred option, (in a perfect world we would atleast get our money back), but (most) here would not expect that.
$3 to $5M ...probably sell to Gecko, they know what its worth to them
Opposed to focusing on the profitable & company making mines they have in the Phillipines.
The choice is simple.
- Forums
- ASX - By Stock
- OMG! CLA 11c fair value, says broker report
So how much precious resources are we able to throw at the...
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLA (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.70M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $120.1K | 11.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3643127 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 5874813 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1643127 | 0.010 |
8 | 2557392 | 0.009 |
4 | 1450000 | 0.008 |
1 | 160000 | 0.007 |
2 | 500000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 4531632 | 8 |
0.012 | 3002818 | 6 |
0.013 | 880000 | 2 |
0.014 | 4345060 | 6 |
0.015 | 5120334 | 9 |
Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
|
|||||
Last
1.1¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
1.1¢ | 1.1¢ | 1.0¢ | 1328406 | ||
Last updated 15.55pm 19/04/2024 ? |
Featured News
CLA (ASX) Chart |