Largest cobalt resource with lowest valuation, page-380

Well and truly oversold now, and could have one last capitulation to 38c GAP - see Chart below, but would represent a splendid buying opportunity for the coming boom in Cobalt but more excitingly Nickel..... We had the first leg in Co.. more to come with Co 2.0 and Nickel.

Prices haven't warranted a nasty drop, but we saw the same with CLQ 5c to 25c back to 10c and then off to 1.06$
CoNI holding strong, but miners ran too far, so the pull back perhaps warranted in hindsight.

prices remain strong for PFS and should increase:
Cobalt trading at 51,175TUSD - 67330TAUD
Nickel 143500t AUD

We all talk Cobalt but Nickel is on the menu in a big way. KNP got HRR to a MC400m when Nickel was 50kT,. Nickel has bottomed, and is struggling to break that 5usd mark, once it does, we see it run quickly, making our  Cobalt /  Nickel project look the best on the market by some distance.









Lastly we have leverage to LEWIS PONDS Gold/Silver/ZINC 319koz Evq (can warrant a 20m MC itself) which i have been told, will be drilled, moved to PEA stage and spun out into a new company with other assets in the space... Gold bull has a long way to go and this asset will be worth ++ 100m if the target of 1moz - 1.5moz is achieved along with 1550USD Gold.

We get loyalty options at VWAP 20 days ?? or 25c ?? (listed perhaps TBC) as per announcement, but is this for all shareholders or just IPO ??

Ardea shareholders are reminded that a 1 for 3 Loyalty Option will be issued for all Ardea shares held (both in-specie and subscribed) three months from listing, being around 9 May 2017


Take it as you like, but anything between 38c-45c is a buy price that in 6-12months, would look cheap.


just my 2c..