News/Research articles, page-211

re: AUZ

An ASX company named Metallica Metals have just sent an update to its shareholders and in the update they stated the following;

Should the right opportunity arise, we would be open to acquisitions in other commodities. But, having noted that, we remain steadfast that the rationale behind the sale of the “SCONI” scandium-cobalt-nickel project to Australian Mines during 2017 was 100% sound.
“SCONI” requires a significant amount of capital to bring the resource into production, many multiples more than Urquhart will require, and it will be several years at least before “SCONI” produces its first cash flows, which doesn’t fit our vision for Metallica. In addition, each of the three commodities in the product mix at “SCONI” presents its own set of unique challenges.

I hope all ARL holders have not lost sight of our resource which was described to me as
"the crème de la crème."
Such an enormous resource of the highest grades of cobalt and nickel will not come cheaply and i very much doubt any off take agreements will likely be entertained...well i hope not!!

As for the 57th largest company in the world joining forces with AUZ gives an indication of just how superior Ardea sits, as for its scandium, only time will tell how good the grade and resource of this Rare Earth Element is going to be but i do believe ARL will be meeting far bigger fish much higher on the scale of 1-20?

It is a fascinating story, one that might only come once in a life time.
My fascination with this resource goes back more than 20 years and i believe it will prove to be one hell of a wait in more ways than one.

GLTAH.