The point with CLA was they had Brendan Borg's team on the ground in Namibia completing due diligence long before they announced to the market that they intended to proceed with the tenement acquisition. Borg had done most of the ground work already and CLA had a good idea of how good the ground was already because Borg is one of the best in the business. They had rock chip samples at the labs for analysis etc long before announcing to the market that were taking on the tenements. So they had a big head start before making their initial announcement to the market.
In contrast CAZ announced their intention to procure the initial tenement and have proceeded to apply for a further two tenements abutting CLA's Cobalt/ Copper tenements since the initial March 26th announcement.
Patience required here, but with a low $11 Million MC compared to CLA's MC of $140 Million gives plenty of upside for investors. CLA is 18 months ahead of CAZ. Plenty of time to play catch up once the action starts at CAZ in coming weeks!
CAZ Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
