1. We are still in the midest of waiting for initial JORC mineral resources from CLA, but we know the JORC is based on 6.5km length of DOF, according to presentation slides, I put on assumption of mineral resource as [email protected] Cobalt, 0.55 Cu; So there are total estimated 100Km lengh of DOF, total estimated mineral reserve should be (100/6.5) x 20 Mt = 307 Mt, just be conservative, we assume total mineral resource is 150Mt,
2. From above comparison table, we find that average MC/Mineral Resource is 4.49, MC / Co Eq is 1.78;
3. MC / Mineral Resource is 4.49, so CLA MC should be 4.49 x 150 = 673.5 million
4. MC / Co Eq is 1.78, So CLA MC should be 1.78 x 281 = 500 million,
5. We take average, CLA MC should be (500 + 673 ) / 2 =586 million,
6. CLA total 588.33 million shares, so share price should be 586 / 588.33 = AUD$1
The above are just based on all the CLA annoucement and my personal estimate, but we need further ann to confirm and de-risk, dont use as investment decision, all IMO, need you to DYOR. But from step to step and compare with ASX listed cobalt peer company, obviously CLA has very promising future. I am strongly long it.
Welcome positive and valueable discusstion and comments.
GLTAH!!!
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