I would like to add to the above post highlighting the following items as I understand them.
1 That Vale were essentially buying into a blank canvas resource.
2 That KNP had had very little work done prior to their involvement.
3 That it was up to Vale to develop, fund and finance.
Now moving into 2018 the situation is very different.
1 100% ownership by ARL
2 The previous development spend by Vale is now $50M
3 ARL has extended this substantially and the resource is now a very much known quantity.
4 KNP as a known quantity has mostly all of the development risk removed.
5 The processing plan, intellectual property is known, proven and off the shelf, further reducing risk.
Now moving into the demand side for materials.
1 I feel that the point of no return with regards EV is now passed and legislated.
2 Transition is well under way, car and battery manufacturers are tooling.
3 The race for dominance and international competition is obvious.
4 Nickel, cobalt, and lithium supplies are where the effort is required to keep pace.
Last but not least
1 ARL has enormous resources that are internationally strategic.
2 ARL has what is considered internationally strategic mineral and metal reserves.
3 ARL is in a safe economically stable jurisdiction with proven ability to supply.
4 ARL has the 3rd largest class 1 nickel reserves in the world comparable to Norilsk and BHP.
If you think I like ARDEA RESOURCES as an investment, you would be 100% correct.
I know what I have done, I do not back away from my actions at all.
RED
Its time to let ARL fly
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Last
42.0¢ |
Change
-0.005(1.18%) |
Mkt cap ! $88.37M |
Open | High | Low | Value | Volume |
42.5¢ | 43.5¢ | 42.0¢ | $3.785K | 8.951K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8846 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8846 | 0.420 |
1 | 12793 | 0.405 |
3 | 38000 | 0.400 |
2 | 56200 | 0.390 |
1 | 12987 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 10000 | 1 |
0.445 | 14336 | 1 |
0.450 | 11957 | 2 |
0.460 | 11000 | 1 |
0.470 | 34217 | 2 |
Last trade - 13.18pm 14/07/2025 (20 minute delay) ? |
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