ARL 2.30% 44.5¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-79

  1. 34,338 Posts.
    lightbulb Created with Sketch. 9114
    Good table.

    I've seen lots of talking here about COB, but no one mentioned their JV structure. They are subject to a farm in agreement with BPL who currently owns 49% of the cobalt project. The JV structure and royalty payments are concerning, also their grade is just 0.084%.

    DYOR.
 
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