We need the market to believe Co prices can be sustained long term above 55-60,000 USD a ton. How long that will be I don't know.
If CLA just sit it out as they are doing, or get in a technical/exploration partner and go easy on expenditures IMO this Cobalt worm should turn. That's why management call to not blow too much on more drilling right now and going slow makes sense to me.
It's just a shame they screwed up by not getting the second resource upgrade and SS out of the big money and time they have already spent. - it makes selling this to a new buyer /co investor that much harder
if its any consolation to other shareholders. in my investing career in juniors and commodities I have never made my big wins on the first commodity cycle its always been in the second cycle in that commodity. Its just really nasty sitting and waiting during the downturn in between like now.
CLA Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
