CLA (ASX) Ann: Opuwo Cobalt Project Maiden JORC Mineral Resource

Originally posted by ans25 ↑

Our German friends also quite like us were very surprised with the announcement

For those new to around CLA threads, Hans Huster is a respected analyst and investor with quite a following in Germany.

Of course these guys recognise CLA potential one reason being the German presence in Namibia.

https://www.rohstoff-welt.de/news/artikel.php?sid=65827

Celsius Resources Ltd .: The star of the ASX: resource beats all expectations: + 40%

16.04.2018 | 6:00 pm | Huster, Hannes , The Gold Report
When I saw Celsius's message tonight, I could not believe my eyes ( Link ).

The company massively exceeded expectations with the very first resource in the copper-cobalt area in Namibia. I calculated conservatively with 20 - 30 million tons to 0.10% cobalt plus copper and would have been satisfied with that as a beginning. Secretly, I was hoping for 40 million tons. In fact, independent consultants have identified a massive resource of more than 112 million tons !!!

Please click to enlarge

112 million tons with an average of 0.11% cobalt + 0.41% copper + 0.41% zinc.

This is really good and has surprised not only me, but also the market massively. Already 72 million tonnes (64%) are in the INDICATED category and another 40.5 million tonnes in the INFERRED category.

Thus, the resource is about 4 times higher than I assumed, with the content of 0.11% cobalt was still 10% higher than my estimates. Celsius Resources was thus able to detect more than 126,100 tonnes of cobalt in the first step.

That does not sound like much, but a ton currently costs $ 91,500. Thus, the cobalt has an incredible market value in the bottom of 11.5 billion USD! For me it is now clear that Celsius will play in the league of the Kobalt shares at the top.

The resource was created for about 10 kilometers of strike length, but already with the most recent drilling, it is clear that you have at least 15 kilometers of mineralized deposits and the depth remains open!

Please click to enlarge

Occurrence greater than CLEAN TEQ

With this first resource Celsius has not only set a milestone, but attracted the attention of investors. The stock was previously unknown, but that should change now.

In my presentation of the stock a few months ago, I had pointed to Clean Teq (ASX: CLQ), which is rated massively higher in the market, but has just been given a resource. Now it's clear that the CELSIUS project has not only come close to the Clean Teq resource, but has even surpassed it.

Clean-Teq has 114,000 tonnes of cobalt at 0.10% in the area and Celsius has 126,000 tonnes at 0.11% on the project !!

Please click to enlarge

Conclusion :

Without exaggeration, that's the best in the cobalt sector, which I've seen for many months.

Celsius did an extremely good job with CEO Brendan Borg and surprised the market massively on the upside.

The stock reacted very positively and climbed 40%. The sales were extremely high. Of course there may be setbacks after this brutal rise, but here I remain invested as we have taken only a small speculative position.

Please click to enlarge

Expand

Am i making a mistake when i think this man in Germany says

"That does not sound like much, but a ton currently costs $ 91,500. Thus, the cobalt has an incredible market value in the bottom of 11.5 billion USD! For me it is now clear that Celsius will play in the league of the Kobalt shares at the top. "

Surely he is not multiplying our resource of average grade 0.11% @ $91,500 a ton

Someone better call him and let him know we cant sell the ore body polished to look like a finished product.

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