An interesting extract Hunts25
CLA still needs to prove out the full 20-30km strike length and define a JORC resource but some food for thought:
at a US$166/t basket price it is 1.4x higher value per tonne than CLQ and thus, if they could come up with an 80Mt
resource it could theoretically justify a roughly comparable market cap of A$430m. At even 20Mt, which would seem
extremely achievable given the strike length and the fact that 11km is already proven to be mineralized, that still equates
to $107m mkt cap for over 500% upside. At 3% Cu equivalency, potential for large scale, a capable MD in Brendan Borg
with a proven track record of success, and favourable jurisdiction it appears that the risk/reward is strong
Take care
Mule
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