this narrow low grade resource at only 0.11% Co and 0.4% Cu thin and dipping providing very high strip ratio (se Figure 7) does not look attractive especially given Mcap now $95M ?! IMO only smaller portion this resource would be economic, I expect at the end of the day if CLA ever do mine will be a long shallow pit or trench gouging near surface and using a higher COG so including dilution would have more than just 0.1% Co and 0.4% Cu.
IMHO and DYOR
this narrow low grade resource at only 0.11% Co and 0.4% Cu thin...
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