Would be interesting to see a new TOP-20.In the CLA ann on...

Would be interesting to see a new TOP-20.

In the CLA ann on January 7, Celsius Managing Director, Brendan Borg commented:

“Initial results from the new DOF Northwest Anticline zone at Opuwo continue to demonstrate significant resource potential outside the large existing Mineral Resource. Additionally, the Company is excited by the potential for this area to allow consideration of alternative mining techniques and mine plans for extraction of the mineralisation.”

see https://newswire.iguana2.com/af5f4d73c1a54a33/cla.asx/6A915742/CLA_Significant_Extension_to_Mineralisation_at_Opuwo_Project

Soon after the board changed and Opuwo was put on hold. The low Co price was prominently mentioned as a reason, see

https://newswire.iguana2.com/af5f4d73c1a54a33/cla.asx/6A922058/CLA_Opuwo_Project_Update_and_Board_Changes

The Co price on january 7 was USD 43 per tonne and now it is USD 34.5 K per tonne and rising, see:



So we are almost back at the level where things were "exciting" according to the former CLA MD.

Who BTW is now MD of TMR, see:

https://hotcopper.com.au/threads/ann-brendan-borg-appointed-managing-director.4946723/?post_id=40301121

in particular, "Mr Borg will be paid an annual salary of $250,000 (exclusive of GST) (subject to periodic review) and may, at the Board’s discretion, receive performance-based bonuses in cash or non-cash form in addition to his salary."