ARDEA IPO (spin-out of assets), page-3

Now for the discussion,  the meat and purpose of this thread.

Inrecognition of how Ardea exists, and how the NSW assets most likely will existin future.

Why would you stop there.

There maybe very substantial benefit to having a nickel, cobalt, scandium sulfateproducer combined with a bulk tonnage gold, PGM, ZINC +++ metals group underone umbrella.

I can thinkof a few reasons.

-         Greaterdiversity of metals exposure and industry.

-         Greaterability to weather downturns due to counter cyclic metals exposure.

-         Greaterability to do things, because you have financial muscle.

I am notthe source of all answers, it’s a discussion.

My questionis.

Would weconsider developing to producer status some of our gold assets in WA under thecurrent ARL banner, then spin-out those assets to maximize investor return.

I ask thisbecause we own huge amounts currently, and because

-         Itsall under one banner most of our value is unrecognized by the market ingeneral.

-         Thebrokers are not interested because the story is too difficult to sell.

-         Mostpeople cannot see past their noses.

-         Whenwe are a gold, cobalt, PGM, Zinc, scandium nickel sulfate producer, will theyvalue us appropriately.

OR will webe valued as a primary producer of something and OH by the way they producethis as well type of company.

Do we wantto unlock the full potential value of ARL and subsidiary or do we want to havea mixed bag identity.

Guys andGals, I love the discussions and love the feedback.

The floor is yours, what do you think

RED