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.
So how much precious resources are we able to throw at the...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.70M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $2.476K | 215.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 193793 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4230745 | 7 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
Change
0.000 ( 8.33 %) |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.2¢ | 1.1¢ | 200000 | ||
| Last updated 11.20am 02/05/2024 ? | |||||
| CLA (ASX) Chart |