Largest cobalt resource with lowest valuation, page-2388

While your point is still valid, might as well use correct figures for clean teq, these are outdated by 6 months. Try 101 million tonnes at .59% nickel and .13% cobalt. The essence of a comparison of clean teq's deposit to ardeas high grade zone is actually pretty simple. Clean teq's is about twice the size, the grades are similar, ardea has higher grade nickel. If you then factor in the substantial lower grade cobalt that Ardea has, I'd say that cancels out Clean teq's size advantage relative to the higher grade zone, so the 2 deposits are very close in value, but Ardea would probably be more sensitive on the upside if cobalt prices go mania due to their monster sized cobalt in the ground advantage.