SRL 4.88% 39.0¢ sunrise energy metals limited

Where is the bottom ???, page-304

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    JD ARL’s -36c cash costs even when using the excessive $41.63 Co and $8.80 Ni price assumptions in contrast to CLQ’s $30 and $8 are 2.5x worse off than CLQ’s -92c (I have removed CLQ’s Sc and ammonium sulphate credits). ARL even have superior Ni grades.

    ARL - not the best demonstration of ‘5th Gen’ by all means?

    New approach needed, perhaps? Robert thinks so.
 
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