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85.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-33

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Juno

3,881 Posts.

26/02/17

20:25

Post #: 22916981
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Originally posted by orionwoo ↑

Hi Juno, it's nice to see you in here !

CLQ went up from similar market cap to > $400mil now. Their Capex is nothing less than $500mil. I think they need even more, like $700mil something. But it didn't stop the SP rose from 3c to 80c.

If CLQ is not a good reference, then how about GGG ? Their capex is billions $$ & it still didn't stop them sitting on almost $200mil market cap.

I think ARL has lots of room to run still. Full steam ahead

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Ok thanks, I think it all comes down to economies of scale, but also in a hot sector time to implement relative to competitors needs consideration.

For long term, pure economics is king I feel.

ARL Price at posting: 69.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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