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60.0¢ ardea resources limited

Ann: December 2017 Quarterly Activities and Cashflow Report, page-57

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allday

1,004 Posts.

5

04/02/18

13:37

Post #: 30804556
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Originally posted by Nozza8 ↑

A Pre Feaso and more so a Definitive Feasibility aims to remove risk associated with unknowns around the cost of extraction, processing, and sale of final product, ideally we want to produce a high quality Nickle Sulphate and Cobalt Sulphate as these are the chemicals a battery producer requires. If we can provide evidence that this is achievable at an all in cash cost that makes the project profitable, the funding of the project should not be an issue based on demand forecasts. If it’s not economical, and then the whole KNP may be mothballed until another time in the future when the in ground resource value increases

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Nozza,
I am pretty sure comparing to clq that we will not be mothballed on the knp high grade zone
Heaven help all the others in the queues behind arl if that is the case

ARL Price at posting: $1.44 Sentiment: Buy Disclosure: Held
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Last 60.0¢		Change 0.010(1.69%)		Mkt cap ! $121.7M

Open	High	Low	Value	Volume
60.0¢	62.0¢	59.5¢	$88.16K	145.2K

Buyers (Bids)

No.	Vol.	Price($)
2	6513	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.5¢	16137	4

View Market Depth

No.	Vol.	Price($)
2	6513	0.600
2	8979	0.595
1	42374	0.590
1	10000	0.585
3	9220	0.580

Price($)	Vol.	No.
0.615	15820	3
0.620	12143	3
0.625	3309	1
0.630	94763	2
0.640	429	1

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Last 59.5¢			Change 0.010 ( 2.19 %)
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