It literally says in the RNS due to funding coming. |
Trading halt on the ASX until Monday. Hopefully good news? |
Took a long time. Closed 36% up on the tsx. Could go on a bit of a run. |
Funding secured for MCB from the Philippines sovereign wealth fund.Looks to be up 50% on ASX? |
Moving up on the ASX. |
Our MCB Copper-Gold Project is the first in 15 years to achieve full permitting |
The group for CLA on Telegram |
Celsius Resources MCB Copper-Gold Project
Currently up 15% on the ASX to 0.015 AUD = 0.0105 GBP - some disparity now between the ASX price and the LSE price. |
Quitely moving up. |
Closed 18% up on decent volume, the largest in months. |
Large volume on the ASX, and currently a tick up in the share price Hmm.... |
Nice mention for CLA |
Celsius Resources galvanises board to accelerate MCB project development |
CLA have TWO copper porphyries... |
See the recent presentation, the replacement drilling costs on just the MCB projec are equal to the current market cap. Compare the 22 year mine life of the MCB project, AISC costs, the capex, the production rates for copper and gold against the El Domo project and one can start to get a better understanding here. One does need to factor in the 40% project ownership though.
So, I think Silvercorp won't come back for CLA now as they will need to fund the development in Ecuador. |
This is interesting...compare the El Domo project to our MCB😅🤣; and our market cap looks ridiculously cheap, IMHO.
According to a December 2021 feasibility study, El Domo will produce an average of 10 463 t/y of copper and 21 390 t/y copper-equivalent over its ten-year mine life at a C1 production cash cost of $1.14/lb and an all-in sustaining cost of $1.26/lb copper-equivalent.
The study estimates a capital cost requirement of $248-million. |
Welcome mate, should be an exciting year here. |
I took a few yesterday... |
 Currently up 20% on the ASX. Rather strange how this one has zero interest on ADVFN just me here talking to myself, baffling really when this is a very large call option on copper with multiple projects!
Reading on the HotCopper boards that WH Ireland have a new price target out due to the progress with the mining permit and consequent reduced risk rating, increasing copper price and strong interest in the MCB project. Price target upped to 6p now, as opposed to the current price of 0.6p :)
19 Apr 2024 BST
Copper price to support further upside
The analysts’ valuation is based on a long-term copper price of US$8,800 per tonne, compared to the price at the time of its report in January of around US$8,400 per tonne. However, copper has since spiked above this level to its current price of above US$9,500 per tonne. Copper prices above WH Ireland’s long-term price forecast would have a significant impact on our valuation of Celsius.
WH Ireland summarised its view of Celsius, saying “Celsius has a compelling portfolio of copper projects that offer, subject to funding, the potential to generate near-term revenues that could provide the platform to develop long-lived mining assets.
“With near-term, low-cost revenue potential, paired with growing copper demand and a lack of new near- and mid-term operations coming online, we believe Celsius is well-positioned to benefit from the next copper boom. We see fair value in Celsius at 4.6p/share/A$8.8c/share.” |
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