Hi all, with our strong JORC mineral resource of 112Mt @ 0.11%Co, 0.41%Copper and 0.43%Zinc, cobalt metal
126.1 Kt; Bear in mind that we have
100km DOF (Dolomite Ore Formation), but our JORC only drilled
10km DOF and average drilling depth is
200m, horizontally and vertally still remain open for minerization. Estimated mineral resource to be
10 times of current JORC mineral resource???
Even with 126Kt of cobalt metal, we already can be ranked as number one in ASX cobalt peers, Our market cap now is only 118 mil AUD$ which is obviously far far too much undervalued, I believe a lot of institutions or fund managers are trying to acculate as much as possible recently. Find below comparison chart to compare among our ASX listed cobalt players, is it reasonable for our current market cap? obviously No!!
From below calculation, average MC to IGV of peers is
3780 AUD$ Per ton cobalt metal, and now CLA's MC to IGV is only
933 AUD$ per ton cobalt metal, if CLA also adopt average MC to IGV, its reasonable MC should be
477mil AUD$ or
82c a share undiluted or
59c a share fully diluted!!
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