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7.09%

59.0¢ 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
2 Upvote

0 Great analysis

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(20min delay)
Last 59.0¢		Change -0.045(7.09%)		Mkt cap ! $117.7M

Open	High	Low	Value	Volume
64.0¢	66.5¢	59.0¢	$216.2K	343.5K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	58.5¢

Sellers (Offers)

Price($)	Vol.	No.
63.0¢	4763	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.585
2	6220	0.580
2	10421	0.565
2	11000	0.560
3	4634	0.550

Price($)	Vol.	No.
0.630	4763	1
0.640	429	1
0.660	7536	2
0.680	15000	1
0.685	7349	2

Last trade - 15.58pm 21/05/2024 (20 minute delay)


Last 60.0¢			Change -0.045 ( 6.98 %)
Open	High		Low	Volume
62.0¢	66.5¢		60.0¢	70134
Last updated 15.58pm 21/05/2024 ?

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