OK, let's put things in perspective, please. Doesn't CLQ have only one mining venture? and if its filtration process is so good, why hasn't it produced an updated PFS, let alone published a DFS? Common, doesn't ARL have heaps more mining assets than CLQ and other wannabees? Timewise, isn't ARL almost level now with CLQ? Doesn't ARL have about 100 mil shareholders, compared to CLQ's 500 mil? CLQ's shares register is dominated by a Canadian and a Chinese (who run the show) - ARL's holders are local. True, CLQ did buy some autoclaves which it beached in South Australia (but don't ask me why they aren't at its project in NSW). Just read ARL's PFS, which targeted just 5% of ARL's nickel/cobalt resource. ARL is into its DFS and is working on 5th generation module design. Capex is $600 mil, which is great for such an operation. Other cobalt explorers haven't told their shareholders anywhere near the detail that ARL has, and ARL is only one year old. Furthermore, ARL has turned its attention to developing its gold projects. It has plenty of money in the bank and can drill the hell out of whatever it chooses. And I've probably missed plenty more. Let's just get real.
ARL Price at posting:
$1.13 Sentiment: Buy Disclosure: Held
