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my ammended CLA valuation, page-31

  1. nbbirch
    1,526 Posts.
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    31/03/18
    14:29
    Post #: 32151121
    If you read the announcement from below it states that all drillholes are drilled at 55 deg perpendicular to the mineralisation. So with cutting edge mathematics we get a length of 244.15m.
    https://www.asx.com.au/asxpdf/20180201/pdf/43r835v315mm9n.pdf

    I'm expecting the JORC to be released on Tuesday as all markets are up and would be a good time to do so. My estimate for the resource is 6500x5x244x2.8=22.2 Mt
    CLA Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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