ARL vs AUz vs CLQ, page-2

watching the lithium boom, all the serious contenders went to a MC roughly in line with the NPV of their main project(s) as they finalised offtake deals and finance, before pulling back 50%+ during mine construction.

So it will come down to project economics - capex/opex/revenue.

I would be surprised if ARL wasnt in line with CLQ in this regard if not better. A MC of $500m+ within 9mths would not surprise me if PFS and DFS look the good, and we start landing offtake partners.

I think the big thing here, compared to the lithium boom, is that the underlying dynamics behind the cobalt market in particular are just so much more explosive than lithium.

Will be fun to watch for the holders.

I am overwight ARL right now as I see it as being most undervalued. I am out of CLQ a while ago, but on AUZ and BAR with a decent stake also. All will do well in next 12 mths IMO