ARL vs AUz vs CLQ, page-294

Hi squash
I think best you learn what Nieq means and the formula to work it out before you make such rash statements. Have a good look and come back to me. It will explain the lower Nieq grade as used by the peer . It will also explain the masdive price ARL used for Co and the effect it has on Nieq calcs.Also aspirational prices big call with ARL using US96k a tonne for Co and the peer using US30K a tonne less. Also ARL used a pure Ni price wheras the peer used contained Ni in sulphate form which achieves a premium as you should well know. They both used a base US7lb costing for Ni metal and the peer applied US2 lb for sulphate which is the going price as used by others inclusive of BHP as a premium pricing point. ARL with in later anns saying only MSP to be produced ,which is a unprocessed Ni product achieves at best 70% for the price of contained Ni.

Not what were you saying about economic.