About the laterite and Goongarie. PFS states income generated is worked off $8.84/lb US for nickel and $41.63/lb for cobalt. US rate was $0.788.
Even with the current exchange rate better than in the PFS, profits off the mine would be reduced due to cobalt being a third of the price. Price of nickel is close. It's just the cobalt. So in reality Nickel would have to be higher to make this project as profitable as the PFS states. Still profitable...just not as much.
You would invest in Goongarie for the stainless sector. If Trump squares away a solid further deal then a pick up in all economies, tied in with shortages of Nickel, may just see this head into action. Cobalt is climbing, however, the Congo can easily fill the gap when the price is right.
The real action has to be In the sulphide exploration. A hit of substance should see a lot more interest paid in ARL. Soon see if this will become a reality instead of potential. Next year with extra cash will hopefully be a good year with drill bits turning.
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Last
44.5¢ |
Change
-0.035(7.29%) |
Mkt cap ! $88.85M |
Open | High | Low | Value | Volume |
47.0¢ | 47.0¢ | 44.5¢ | $23.38K | 50.52K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19492 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.0¢ | 29528 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19492 | 0.435 |
1 | 1395 | 0.430 |
2 | 11190 | 0.420 |
1 | 10000 | 0.410 |
2 | 21000 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.460 | 29528 | 1 |
0.470 | 30371 | 2 |
0.480 | 6811 | 1 |
0.485 | 20000 | 1 |
0.490 | 10000 | 1 |
Last trade - 11.40am 18/10/2024 (20 minute delay) ? |
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