ARL 2.56% 40.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-346

  1. 6,903 Posts.
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    It seems to me (I have only been watching for a couple of weeks) that the missing piece of the puzzle is how much is required to develop the site into producing and selling product? If it is $250,000,000 then that is a billion shares to be sold in a cap raising at 25 cents per share. So do your sums re earnings and multiples for a billion share company. If it works then all is cool but then suss out how long before all this takes place...then figure out how much further the baby can fall. Interesting eh? I feel for the good holders but felt it was way to fast and high way too soon...someone has made a lot of money. The stuff is there the proof is coming but what is the cost to get it out of the ground and processed for sale (let alone who are the buyers?) and how long is it going to take and how many shares are going to be sold to fund it all? Just throwing this out to create some sanity while all is tumbling...these are the questions that matter and so with a billion shares and the cash to create the project what is the SP going to be?
 
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40.0¢
Change
0.010(2.56%)
Mkt cap ! $79.87M
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39.0¢ 40.0¢ 38.5¢ $17.98K 46.08K

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No. Vol. Price($)
1 76960 39.0¢
 

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Price($) Vol. No.
40.0¢ 72533 3
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