My quick conservative calcs of 30,000m long * 5m wide * 75m deep * 2.1 SG = 23.625 Mt
My more aggressive calcs would be 33,000 * 6 * 100 * 2.2 = 43.56 Mt and I think there is definitely significant potential to expand on this. Most important for me is finding higher grade zones (if they exist) to be able to target in the first 3-5 years of potential operation, after and even during this period who knows if Cobalt will still be priced high?
Hopefully continued and further drilling/met results will give us confidence to prove up 50Mt+ of a minable resource with at least the Co/Cu grades we have seen thus far throughout, although Id be happy to simply prove up 5 years worth and attack it ASAP, Hopefully the western zone we have just started drilling into allows us to achieve this.
CLA Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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