To have CLA,s resource mining in 2021-2022 they need to get a buyer, joint venturer, partner etc with required capital involved "shortly"
The share price at which they will take equity must be in relation to the NPV of the mine starting production 2021-22 and the cobalt price from that time forward for the life of mine
So its for now all about CLA updating Jorc,s Mining and processing plans and max. mining economic viability
And the share price that the buyer joint venturer partner comes aboard at must reflect the radically changed demand for cobalt from 2021-22 onwards
My point is CLA's share price should be significantly higher than its current MC $41M aud (53c)"shortly" or at least well before the cobalt demand upsurge from EV,s and battery revolution
All IMO
To have CLA,s resource mining in 2021-2022 they need to get a...
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Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3347195 | 1.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 4276374 | 8 |
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