Ann: Positive Drill Results at Northwest Anticline Target, page-13

Yes gold miners chase down veins that deep but these particular hits at not exactly high grade. They average around 0.15% Co from the DOF horizon all the way down the anticline. It's certainly psychically possible to mine but the questions needs to be is it economical to mine? Under the current Co prices, it's obviously not. At $100k Co is it economical? If yes, how long until Co gets to $100k/t and how long does it need to remain there (or exceed it) to give confidence to developing these types of deposits? Probably a long time if you ask me. IMO the mad spike in Co last year was largely speculation. Sustained higher prices in the next cycle will require real demand - and it will be there - but when and in what volumes is the key.

I really liked CLA and I'm lucky to have sold when mania peaked (which is why I sold in fact) but can it remain in current hands and kick the can along the road while Co remains subdued, just waiting for Co to run? It can until it runs out of cash and then it's a massive dilutive CR or a sale of the key asset. Neither of which is good for SH. And as the cash balance shrinks, so will the SP.

Anyway, I'm not hear to dig the boot in as I know several people that lost a large stack on CLA. Just sharing my thoughts on the value of the recent drill.