CLA Scoping study is just around the corner, I would expect a ramp up on CLA this week and some of this could rub off onto CAZ.
You can expect CAZ to trade at about 25% of CLA SP.
So if CLA is 20 cents CAZ will be about 5 cents.
If the Scoping Study is very good (which is what is expected in the CLA camp) then CLA SP should present at about 30 cents quite quickly, this will leave CAZ in the 7 to 8 cent range.
IF CAZ were to announce a good magnetic survey result after a good SS by CLA then we could even see 10 to 12 cents.
The time is getting closer by the day, I expect the CLA SS announcement in the next 2 weeks (maybe this coming week).
Disclosure, I hold both CLA & CAZ
DYOR & GLTAH
Ann: Annual Report 30 June 2018, page-8
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