Hartley seems make very
unfair target price for CLA,
CLA's JORC mineral resource is
112.4Mt @0.11%Co, 0.41%Cu, 0.43%Zn, with 126.1Kt cobalt metal, refer to below comparison table, you can easily see:
1)
CLQ owns
132kt cobalt metal with
614mil market cap; ( per Kt cobalt metal with
4.65 mil market cap);
2)
COB owns
61.5kt cobalt metal with
108mil market cap;( per Kt cobalt metal with
1.75 mil market cap);
We can use COB and CLQ's updated data to provide reference for
CLA's reasonal market cap; Likewise, CLA owns
126kt cobalt metal, if per Kt cobalt metal's market cap to follow average of COB&CLQ's data, means CLA's market cap shall be (1.75 + 4.65)x 126 / 2 =
403 million, and its correspondent share price shall be 403 / 588 =
0.685 AUD$ per share;
Below comparison table is easy for you to compare ASX cobalt players, it is not difficult to find out that
CLA is most most undervalued after JORC mineral resource released, I can forecast that in the following months,
CLA will become shining black horse. DYOR.
View attachment 1062685
