- A new mineral production sharing agreement (MPSA) was granted for the Maalinao-Caigutan-Biyog Mining Project (MCB), which is significant for its progression from exploration to operational status, valid for 25 years and renewable for another 25.
- The MPSA approval is the first for a copper project in the Philippines in the last 15 years, granting exclusive rights for exploration, development, and production within the 2,500-hectare area.
- There is excitement about the increasing copper and gold prices, which strengthen the company's position, especially with their large long-life assets, including a near-term producer.
- Discussions include potential financial backing for the project, indicating several investors are ready to commit once the mining permit has been secured.
- Stock watchers are optimistic about the company's market cap potential, suggesting it could reach 100m on a good run.
- Previous attempts by SVM to take over CLA were noted, highlighting that SVM still holds a significant stake in the company.
- The company's cash position was discussed, with a clarification on ongoing operational costs and the development of its lead project.
- Concerns were raised about difficulties in buying shares in significant volumes.